(完整版)会计英语模拟卷

会计英语模拟练习题### 会计英语模拟练习题#### 一、选择题（每题2分，共20分）1. Which of the following is not a financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Organizational Chart2. The term "Double Entry Accounting" refers to:A. Recording transactions twiceB. Recording transactions in two different accountsC. Recording transactions in two different waysD. Recording transactions in two different currencies3. What is the purpose of adjusting entries?A. To correct past errorsB. To update the financial records for the current periodC. To prepare for the next accounting periodD. To predict future financial performance4. The accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Liabilities = Assets - Equity5. Which of the following is not a type of inventory valuation?A. FIFOB. LIFOC. Weighted AverageD. Net Present Value#### 二、填空题（每题2分，共20分）6. The process of recording financial transactions in the order they occur is known as __________.7. The __________ is a summary of the changes in a company's financial position over a period of time.8. A __________ is an expense that has been incurred but not yet paid.9. The __________ method of depreciation allocates the cost of a fixed asset over its useful life.10. The __________ is the difference between the opening and closing balances of an account.#### 三、简答题（每题15分，共40分）11. Explain the concept of "matching principle" in accounting and its importance.12. Describe the steps involved in preparing a balance sheet.#### 四、案例分析题（20分）13. Assume you are an accountant for a small business. The business has just completed its fiscal year. You have been provided with the following information:- Total revenue for the year: $500,000- Cost of goods sold: $300,000- Operating expenses: $100,000- Depreciation expense: $20,000- Interest expense: $10,000Calculate the net income of the business and prepare a brief income statement in English.Note: This is a simulated exercise intended for educational purposes only. The questions and answers provided are for illustrative purposes and may not reflect actual accounting practices or standards.。

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一、单项选择题1. Which of the following statements aboutaccounting concepts or assumptions are correct? 1〕 The money measurement assumption is that items in accounts are initially measured at their historical cost.2 〕 In order to achieve comparability it may sometimes be necessary to override the prudence concept.3 〕 To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4 〕 To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 32. Johnny had receivables of $5 500 at the startof 2021. During the year to 31 Dec 2021 he makes credit sales of $55 000 and receives cash of $46 500 from creditcustomers. What is the balance on the accounts receivables at 31 Dec 2021? A. $8 500 Dr B.$8 500 Cr C. $14 000 Dr D. $14000 Cr3. Should dividends paid appear on the face of a company ’ s cash flow statement?A. YesB. NoC. Not sureD. Either4. Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first out (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear asnon-current assets in a company ’ s the statement of financial position?(1) plant, equipment, and property (2) company car(3) 4000 cash (4) 1000 cheque A. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company ’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year. (3) income tax accrued untill year end. (4) Preference dividend accrued A (1), (2) and (3) B (1), (2) and (4) C (1), (3) and (4) D (2), (3) and (4)7. The trial balance totals of Gamm at 30 September 2021 are:Debit $992,640 Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the motor expenses account$27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance. A 1 and 2 B 2 and 3 C 2 and 4 D 3 and 48. Listed below are some characteristics offinancial information. (1) True (2) Prudence (3)Completeness (4) CorrectWhich of these characteristics contribute to reliability? A (1), (3) and (4) only B (1), (2) and (4) only C (1), (2) and (3) only D (2), (3) and (4) only(window.cproArray = window.cproArray ||[]).push({ id: "u3054369" });9. Which of the following statements are correct?(1) to be prudent, company charge depreciation annually on the fixed asset(2) substance over form means that the commercial effect of a transaction must always be shown in the financial statements even if this differs from legal form(3) in order to achieve the comparable, itemsshould be treated in the same way year on year A. 2and 3 only B. All of them C. 1 and 2only D. 3 only10. which of the following about accruals conceptare correct? (1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant with it ’s paid or notA. 2 and 3 onlyB. All of themC. 1 and2 only D.3 only二、翻译题1 、将以下分录翻译成英文1. 借：固定财富清理 30 000累计折旧 10 000贷：固定财富 40 0002 ．借：应付票据 40 000贷：银行存款 40 0002 、将以下词组按要求翻译〔中翻英，英翻中〕 (1) 零用资本 (2) 本票 (3) 试算平衡(4) 不动产、厂房和设备 (5) Notes and coins (6) money order (7) general ledger (8) direct debt (9) 报销(10) revenue and gains三、业务题Johnny set up a business and in the first a few days of trading the following transactions occurred (ignoreall the tax):1) He invests $80 000 of his money in his business bank account.2) He then buys goods from Isabel, a supplier for$4 000 and pays by cheque, the goods is delivered right after the payment3) A sale is made for $3 000 – the customer paysby cheque4) Johnny makes another sale for $2 000 and the customer promises to pay in the future 5) He then buys goods from another supplier, Kamen, for $2 000 on credit, goods is delivered on time6) He pays a telephone bill of $800 by cheque7) The credit customer pays the balance on hisaccount8) He returened some faulty goods to his supplier Kamen, which worth $400. 9) Bank interest of $70 is received10) A cheque customer returned $400 goods to himfor a refund(window.cproArray = window.cproArray ||[]).push({ id: "u3054371" });参照答案1 、单项选择题1-5 CCACB 6-10 DCABA2 、翻译题1 〕中翻英1.Dr disposal of fixed assetDepreciation Cr fixed asset2.Dr notes payableCr bank3 、业务题1) Dr Cash Cr capital2) Dr finishedgoods Cr Cash3)Dr CashCr sales revenue4) Dr accountsreceivable Cr sales revenue5) Dr finishedgoods Cr accounts receivable6) Dr administrative expense Cr Cash7)Dr CashCr accounts receivable8)Dr CashCr finished goods9)Dr CashCr financial expense10) Dr salesrevenue Cr Cash。

(完整版)会计专业英语模拟试题及答案《会计专业英语》模拟试题及答案一、单项选择题（每题 1 分，共 20 分）1.Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2） In order to achieve comparability it may sometimes be necessary to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policiesand changes in them are disclosed.4） To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 and 32.Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010he makes credit sales of $55 000 and receives cash of $46 500 from credit customers.A.$8 500 DrB.$8 500 CrC.$14 000 DrD.$14 000 Cr3.Should dividends paid appear on the face of a companycash flow statement?’A.YesB.NoC.Not sureD.Either4.Which of the following inventory valuation methods is likely to lead to the highestfigure for closing inventory at a time when prices are dropping?A.Weighted Average costB.First in first out (FIFO)st in first out (LIFO)D.Unit cost5.Which of following items may appear as non-currentassets in a companythe’statement of financial position?(1) plant, equipment, and property(2) company car(3) ?4000 cash(4) ?1000cheque A. (1), (3)B. (1), (2)C. (2), (3)D. (2), (4)6. Which of the following items may appear as current liabilities in a company ’s balance sheet?(1) investment in subsidiary(2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trialbalance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rentpayable account.2.The balance on the motor expenses account $27,680 has incorrectly been listed in thetrial balance as a credit.3.$6,160 proceeds of sale of a motor vehicle has been posted to the debit of motorvehicles asset account.4.The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and 2B 2 and 3C 2 and 4D 3 and 48.Theta prepares its financial statements for the year to 30 April each year. The companypays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 Octobereach year. The annual rent was $84,000 per year until 30 June 2010. It was increasedfrom that date to $96,000 per year. What rent expense and end of year prepayment shouldbe included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in the records of Lambda:Plant and equipment: $860,000Depreciation for plant and equipment: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 wassold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the company.s policy to charge a full year depreciation in the year ofacquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010for plant and equipment?A$563,000B$467,000C$510,000D$606,00010.A company’ s plant and machinery ledger account forthe year ended 30 September2010 was as follows:Plant and machinery–cost2009 $ 2010 $1 October balance b/f 381 200 1 June Disposal 36 0001 Dec cash 18 000 30 Sept balance c/f 363 200399 200399 20030 Sept balance b/f363 200The company ’ s policy is to charge depreciation at 20% per year on the straight line basis,with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of financial information.(1) True(2) Prudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) onlyB (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only’ s 12. The plant and machinery cost account of a company is shown below. The companypolicy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.Plant and machinery–cost2009 $ 2009 $1 Jan balance b/f 280 000 30 June disposal 14 0001Apr cash 48 0001Sept cash 36 000 31 Dec balance c/f 350 000364 000 364 000Balance b/f 350 000What should be the depreciation charge for the year ended 31 December 2009?A.$67,000B.$64,200C.$70,000D.$68,60013. In preparing its financial statements for the current year, a company ng’inventorysclosiwas understated by $300,000. What will be the effect of this error if it remains uncorrected?A The current year’ s profit will be overstated and next year’ s profit will be understB The current year ’s profit will be understated but there will be no effect on next year ’ sprofitC The current year’ s profit will be understated and next yearD The current year ’profits will be overstated but there will be no effect profit.’ s profit will be overst on next year s’14. In preparing a company’s cash flow statement, which, if any, of the following items could form part of the calculation of cash flow from financing activities?(1)Proceeds of sale of premises(2)Dividends received(3)Issue of sharesA 1 onlyB 2 onlyC 3 onlyD None of them.15. At 31 March 2009 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 2010 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 2010 totalled $34,600. Based on these figures, what amount should appear in the company’ s income statement for heating year?oilfor the A$23,900B$36,100C$45,300D$33,10016. In times of inflation In times of rising prices, what effect does the use of the historical cost concept have on a company’ s asset values and profit?A.Asset values and profit both undervaluedB.Asset values and profit both overvaluedC.Asset values undervalued and profit overvaluedD.Asset values overvalued and profit undervalued17. Beta purchased some plant and equipment on 01/07/2010 for $60,000. The estimatedresidual value of the plant in 10 years time is estimated to be $6,000. Beta ’ s policy is tocharge depreciation on the straight line basis, with a proportionate charge in the period of acquisition. What should the depreciation charge for the plant be in Beta ’accountingsperiod of 18 months to 30/09/2010 ?A.$5400B.$900C.$1350D.$67518.A company’ incomes statement for the year ended 31 December 2005 showed a netprofit of $83,600. It was later found that $18,000 paid for the purchase of a motor van hadbeen debited to the motor expenses account. It is the company depreciate’spolicymotorvans at 25 per cent per year on the straight line basis, with a full year rge in the year of ’ s cha acquisition. What would the net profit be after adjusting for this error?A. $97,100B. $70,100C. $106,100D. $101,60019. Which of the following statements are correct?(1)to be prudent, company charge depreciation annually on the fixed asset(2)substance over form means that the commercial effect of a transaction must alwaysbe shown in the financial statements even if this differs from legal form(3)in order to achieve the comparable, items should be treated in the same way year onyear A. 2 and 3 onlyB. All of themC.1 and2 only D.3 only20.which of the following about accruals concept are correct?(1) all financial statements are based on the accruals concept(2) the underlying theory of accruals concept and matching concept are same(3) accruals concept deals with any figure that incurred in the period irrelevant withit or notA. 2 and 3 onlyB. All of themC.1 and2 only D.3 only二、翻译题（共 30 分）1、将以下分录翻译成英文（每个 2 分，共 10 分）1. 借：固定财产清理30 000累计折旧10 000贷：固定财产40 0002. 借：银行存款10 500贷：交易性金融财产10 000投资利润5003．借：对付员工薪酬 1 000贷：库存现金 1 0004．借：银行存款 4 095贷：其余业务收入 3 500应交税费–应交增值税（销项税额）5955．借：对付单据40 000贷：银行存款40 0002、将以下报表翻译成中文（每空 1 分，共 20 分）1.ABC group the statement of financial position as at 31/Dec/2010?2.Non-current assets3.Intangible assets4.Property, plant and equipment5.Investment in associates6.Held-for-maturity investment7.Deferred income tax assets8.Current Assets9.Trade and other receivables10.Derivative financial instruments11.Cash and cash equivalents12.Assets of discontinued operation13.Assets in total14.Current Liabilities15.Accrued payroll16.Accrued dividend17.Accrued accounts18.Non-current Liabilities19.Liabilities in total Assets三、阅读题（共 30 分）Research and development (R&D)Accounting treatment of R&DUnder International Accounting Standards the accounting for R&D is dealt with under IAS 38, Intangible Assets. IAS 38 states that an intangible asset is to be recognised if, and onlyif, the following criteria are met: it is probable that future economic benefits from theasset will flow to the entity, the cost of the asset can be reliably measured.The above recognition criteria look straightforward enough, but in reality it can prove to be very difficult to assess whether or not these have been met. In order to make this recognition of intangibles more clear, IAS 38 separatesan R&D project into a research phase and a development phase.Research phaseIt is impossible to demonstrate whether or not a product or service at the research stagewill generate any probable future economic benefit. As a result, IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.Development phaseUnder IAS 38, an intangible asset arising from development must be capitalised if an entity can demonstrate all of the following criteria: the technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset; existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably. If any of the recognition criteria are not met then the expenditure must be charged to the income statement as incurred. Note that if the recognition criteria have been met, capitalisation must take place. Once development costs have been capitalised, the asset should be amortisedin accordance with the accruals concept over its finite life. Amortisation must only begin when commercial production has commenced.Questions:1)Outline the criterias of recognition of intangible assets（5 分）2)Criterias to recognised as development (5分)3)Identify the accounting treatment of research phase（ 10 分）4)Identify the accounting treatment of development phase（10 分）四、业务题（按要求用英文编制分录，每题 2 分，共 20 分）Johnny set up a business and in the first a few days of trading the followingtransactions occurred (ignore all the tax):1)He invests $80 000 of his money in his business bank account2)He then buys goods from Isabel, a supplier for $4 000 and pays by cheque, the goodsis delivered right after the payment3) A sale is made for $3 000–the customer pays by cheque4)Johnny makes another sale for $2 000 and the customer promises to pay in the future5)He then buys goods from another supplier, Kamen, for $2 000 on credit, goods isdelivered on time6)He pays a telephone bill of $800 by cheque7)The credit customer pays the balance on his account8)He returened some faulty goods to his supplier Kamen, which worth $400.9)Bank interest of $70 is received10)A cheque customer returned $400 goods to him for a refund参照答案1、单项选择题1-5 CCACB 6-10 DCDCD 11-15 ABCDD 16-20 CBABA2、翻译题1）中翻英1.Dr disposal of fixed assetDepreciation2.Dr BankCr Tradable financial assetInvestment income3．Dr accrued payrollCr cash4．Dr bankCr other operating revenueAccrued tax-VAT (output)5．Dr accrued notesCr bank2)英翻中1.编制单位： ABC 财产欠债表时间： 2010 年 12 月 31 日单位：欧元2.非流动财产3.无形财产4.固定财产5.长久股权投资6.拥有至到期投资7.递延所得税财产8.流动财产9.应收账款及其余应收款10.钱币资本11.非连续性经营财产12.财产总计13.欠债14.流动欠债15.对付员工薪酬16.对付股利17.对付账款18.非流动欠债19.欠债总计20.净财产3、阅读题1) Outline the criterias of recognition of intangible assets（5 分）IAS 38 states that an intangible asset is to be recognised if, and only if, the followingcriteria are met: it is probable that future economic benefits from the asset will flowto the entity, the cost of the asset can be reliably measured.2)Criterias to recognised as developmentthe technical feasibility of completing the intangible asset (so that it will be available for use or sale); intention to complete and use or sell the asset; ability to use or sell the asset;existence of a market or, if to be used internally, the usefulness of the asset; availability of adequate technical, financial, and other resources to complete the asset; the cost of the asset can be measured reliably.3)Identify the accounting treatment of research phase（ 10 分）IAS 38 states that all expenditure incurred at the research stage should be written off to the statement of comprehensive income as an expense when incurred, and will never be capitalised as an intangible asset.4)Identify the accounting treatment of development phase（10分）intangible asset arising from development must be capitalised Once developmentcosts have been capitalised, the asset should be amortised in accordance with theaccruals concept over its finite life. Amortisation must only begin when commercialproduction has commenced.4、业务题1)Dr bankCr capital2)Dr finished goodsCr bank3)Dr bankCr sales revenue4)Dr accounts receivableCr sales revenue5)Dr finished goods Craccrued accounts6)Dr administrativeCr bank7)Dr bankCr accounts receivable8)Dr bank9)Dr bankCr financial expense10)Dr sales revenueCr bank11)。

中级财务会计英模拟试题（分录部分）考点一：应付账款与应付票据Ex. 13-68—Notes payable.On August 31, Fargo Co. partially refunded $270,000 of its outstanding 10% note payable made one year ago to Arma State Bank by paying $270,000 plus $27,000 interest, having obtained the $297,000 by using $78,600 cash and signing a newone-year $240,000 note discounted at 9% by the bank.Instructions(1) Make the entry to record the partial refunding. Assume Fargo Co. makes reversingentries when appropriate.(2) Prepare the adjusting entry at December 31, assuming straight-line amortizationof the discount.Solution 13-68(1) Notes Payable ........................................................................ 270,000Interest Expense ............................................................................ 27,000Discount on Notes Payable (9% × $240,000) ............................... 21,600Notes Payable ................................................................... 240,000Cash .................................................................................. 78,600 (2) Interest Expense (1/3 × $21,600) .................................................. 7,200Discount on Notes Payable ............................................... 7,200 Pr. 13-75—Accounts and Notes Payable.Described below are certain transactions of Beacon Company for 2004:1. On May 10, the company purchased goods from Jay Company for $90,000, terms2/10, n/30. Purchases and accounts payable are recorded at net amounts. Theinvoice was paid on May 18.2. On June 1, the company purchased equipment for $120,000 from Nolan Company,paying $40,000 in cash and giving a one-year, 9% note for the balance.3. On September 30, the company discounted at 10% its $240,000, one-yearzero-interest-bearing note at First State Bank.Instructions(a) Prepare the journal entries necessary to record the transactions above usingappropriate dates.(b) Prepare the adjusting entries necessary at December 31, 2004 in order toproperly report interest expense related to the above transactions. Assumestraight-line amortization of discounts.(c) Indicate the manner in which the above transactions should be reflected in theCurrent Liabilities section of Beacon Company's December 31, 2004 balancesheet.Solution 13-75(a) May 10, 2004Purchases/Inventory ...................................................................... 88,200Accounts Payable .............................................................. 88,200 May 18, 2004Accounts Payable .......................................................................... 88,200Cash .................................................................................. 88,200 June 1, 2004Equipment ...................................................................................... 120,000Cash .................................................................................. 40,000Notes Payable ................................................................... 80,000 Solution 13-75 (cont.)September 30, 2004Cash ............................................................................................. 216,000Discount on Notes Payable ........................................................... 24,000Notes Payable ................................................................... 240,000 (b) Interest Expense ............................................................................ 4,200Interest Payable ($80,000 × .09 × 7/12) ........................... 4,200 Interest Expense ............................................................................ 6,000Discount on Notes Payable ($24,000 × 3/12) ................... 6,000 (c) Current LiabilitiesInterest payable $ 4,200 Note payable—Nolan Company 80,000 Note payable—First State Bank $240,000Less: Discount on note 18,000 222,000$306,200考点二：股票的出售再出售Ex. 15-78—Treasury stock.Camby Corporation's balance sheet reported the following:Capital stock outstanding, 5,000 shares, par $30 per share $150,000 Paid-in capital in excess of par 80,000 Retained earnings 100,000 The following transactions occurred this year:(a) Purchased 80 shares of capital stock to be held as treasury stock, paying $60 pershare.(b) Sold 60 of the shares of treasury stock at $65 per share.(c) Sold the remaining shares of treasury stock at $50 per share.InstructionsPrepare the journal entry for these transactions under the cost method of accounting for treasury stock.(a) Treasury Stock 4,800Cash ............................................................................................ 4,800 (b) Cash ..................................................................................................... 3,900Treasury Stock .............................................................................. 3,600Paid-in Capital from Treasury Stock (300)(c) Cash ....................................................................................................... 1,000Paid-in Capital from Treasury Stock (200)Treasury Stock .............................................................................. 1,200 Ex. 15-79—Treasury stock.Gagne Company's balance sheet shows:Common stock, $20 par $3,000,000Paid-in capital in excess of par 1,050,000Retained earnings 750,000InstructionsRecord the following transactions by the cost method.(a) Bought 4,000 shares of its common stock at $29 a share.(b) Sold 2,000 treasury shares at $30 a share.(c) Sold 800 shares of treasury stock at $26 a share.Solution 15-79(a) Treasury Stock ........................................................................... 116,000Cash ...................................................................................... 116,000 (b) Cash .................................................................................................... 60,000Treasury Stock ...................................................................... 58,000Paid-in Capital from Treasury Stock ..................................... 2,000 (c) Cash .................................................................................................... 20,800Paid-in Capital from Treasury Stock .................................................. 1,600Retained Earnings (800)Treasury Stock ...................................................................... 23,200 Ex. 15-80—Treasury stock.In 2003, Nichols Co. issued 200,000 of its 500,000 authorized shares of $10 par value common stock at $35 per share. In January, 2004, Nichols repurchased 10,000shares at $30 per share. Assume these are the only stock transactions the companyhas ever had.Instructions(a) What are the two methods of accounting for treasury stock?(b) Prepare the journal entry to record the purchase of treasury stock by the cost method.(c) 3,000 shares of treasury stock are reissued at $33 per share. Prepare the journalentry to record the reissuance by the cost method.Solution 15-80(a) The two methods of accounting for treasury stock are the cost method and the parvalue method.(b) Treasury Stock ................................................................................... 300,000Cash ...................................................................................... 300,000 (c) Cash ............................................................................................... 99,000Paid-in Capital from Treasury Stock ..................................... 9,000Treasury Stock ...................................................................... 90,000 Pr. 15-88—Treasury stock transactions.The original sale of the $50 par value common shares of Eddy Company was recorded as follows:Cash ............................................................................................... 290,000Common Stock ................................................................... 250,000Paid-in Capital in Excess of Par ........................................ 40,000 InstructionsRecord the treasury stock transactions (given below) under the cost method:Transactions:(a) Bought 500 shares of common stock as treasury shares at $62.(b) Sold 120 shares of treasury stock at $60.(c) Sold 60 treasury shares at $68.Solution 15-88(a) Treasury Stock ........................................................................................... 31,000Cash ................................................................................................. 31,000 (b) Cash .......................................................................................................... 7,200Retained Earnings (240)Treasury Stock ................................................................................. 7,440 (c) Cash .......................................................................................................... 4,080Paid-in Capital from Treasury Stock (360)Treasury Stock ................................................................................. 3,720 考点三：投资与债券溢价购买Ex. 17-66—Investment in debt securities at premium.On April 1, 2004, Sean Co. purchased $360,000 of 6% bonds for $374,175 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2009.Instructions(a) Prepare the journal entry on April 1, 2004.(b) The bonds are sold on November 1, 2005 at 103 plus accrued interest. Amortizationwas recorded when interest was received by the straight-line method (by months andround to the nearest dollar). Prepare all entries required to properly record the sale.Solution 17-66(a) Available-for-Sale Securities ............................................................... 374,175Interest Revenue ($360,000 × .06 × 1/4) ............................................ 5,400Cash ...................................................................................... 379,575 (b) Interest Revenue ($14,175 × 4 ÷ 63) .. (900)Available-for-Sale Securities (900)Cash ($360,000 × .06 × 1/3) ............................................................... 7,200Interest Revenue ................................................................... 7,200 Cash .................................................................................................... 370,800Gain on Sale of Securities (900)Available-for-Sale Securities ................................................. 369,900 $374,175 – [($14,175 ÷ 63) × 19]考点四：长期工程合同——完工百分比Ex. 18-69—Journal entries—percentage-of-completion.Grant Construction Company was awarded a contract to construct an interchange at the junctionof U.S. 94 and Highway 30 at a total contract price of $6,000,000. The estimated total costs to complete the project were $4,500,000.Instructions(a) Make the entry to record construction costs of $2,700,000, on construction inprocess to date.(b) Make the entry to record progress billings of $1,500,000.(c) Make the entry to recognize the profit that can be recognized to date, on apercentage-of-completion basis.Solution 18-69(a) Construction in Process ................................................................................ 2,700,000Materials, Cash, Payables, Etc. ........................................................ 2,700,000 (b) Accounts Receivable—Construction in Process ............................................ 1,500,000Billings on Construction in Process ................................................. 1,500,000 (c) Construction Expenses .................................................................................. 2,700,000Construction in Process (60% complete) ...................................................... 900,000Revenue from Long-Term Contracts ................................................ 3,600,000考点五:应税所得——所得税分录Ex. 19-52—Deferred income taxes.Nott Co. at the end of 2004, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows:Pretax financial income $300,000Extra depreciation taken for tax purposes (750,000)Estimated expenses deductible for taxes when paid 600,000Taxable income $150,000Use of the depreciable assets will result in taxable amounts of $250,000 in each of the next three years. The estimated litigation expenses of $600,000 will be deductible in 2007 when settlementis expected.Instructions(a) Prepare a schedule of future taxable and deductible amounts.(b) Prepare the journal entry to record income tax expense, deferred taxes, and income taxespayable for 2004, assuming a tax rate of 40% for all years.Solution 19-52(a) 2005 2006 2007TotalFuture taxable (deductible) amountsExtra depreciation $250,000 $250,000 $250,000 $750,000Litigation (500,000) (500,000) (b) Income Tax Expense ($60,000 + $300,000 – $240,000) .............................. 120,000Deferred Tax Asset ($600,000 × 40%) ......................................................... 240,000Deferred Tax Liability ($750,000 × 40%) ........................................ 300,000Income Tax Payable ($150,000 × 40%) .......................................... 60,000 Ex. 19-53—Deferred income taxes.Earl Co. at the end of 2004, its first year of operations, prepared a reconciliation between pretaxfinancial income and taxable income as follows:Pretax financial income $500,000Estimated expenses deductible for taxes when paid 800,000Extra depreciation (900,000)Taxable income $400,000Estimated warranty expense of $530,000 will be deductible in 2005, $200,000 in 2006, and$70,000 in 2007. The use of the depreciable assets will result in taxable amounts of $300,000 ineach of the next three years.Instructions(a) Prepare a table of future taxable and deductible amounts.(b) Prepare the journal entry to record income tax expense, deferred income taxes, and incometaxes payable for 2004, assuming an income tax rate of 40% for all years.Solution 19-53(a) 2005 2006 2007TotalFuture taxable (deductible) amountsWarranties $(530,000) $(200,000) $(70,000) $(800,000)Excess depreciation 300,000 300,000 300,000 900,000 (b) Income Tax Expense [$160,000 + ($360,000 – $320,000)] ......................... 200,000Deferred Tax Asset ($800,000 × 40%) ......................................................... 320,000Deferred Tax Liability ($900,000 × 40%) ........................................ 360,000Income Tax Payable ($400,000 × 40%) .......................................... 160,000PROBLEMSPr. 19-59—Differences between accounting and taxable income and the effect on deferred taxes.The following differences enter into the reconciliation of financial income and taxableincome of Hatley Company for the year ended December 31, 2004, its first year of operations. The enacted income tax rate is 30% for all years.Pretax accounting income $450,000Excess tax depreciation (300,000)Litigation accrual 45,000Unearned rent revenue deferred on the books but appropriatelyrecognized in taxable income 25,000 Interest income from New York municipal bonds (10,000)Taxable income $210,0001. Excess tax depreciation will reverse equally over a four-year period, 2005-2008.2. It is estimated that the litigation liability will be paid in 2008.3. Rent revenue will be recognized during the last year of the lease, 2008.4. Interest revenue from the New York bonds is expected to be $10,000 each year until theirmaturity at the end of 2008.Instructions(a) Prepare a schedule of future taxable and (deductible) amounts.(b) Prepare a schedule of the deferred tax (asset) and liability.(c) Since this is the first year of operations, there is no beginning deferred tax asset or liability.Compute the net deferred tax expense (benefit).(d) Prepare the journal entry to record income tax expense, deferred taxes, and the incometaxes payable for 2004.Solution 19-59(a) 2005 2006 2007 2008 TotalFuture taxable (deductible) amounts:Depreciation $75,000 $75,000 $75,000 $75,000 $300,000 Litigation (45,000) (45,000) Unearned rent (25,000) (25,000) (b) Future Taxable(Deductible) DeferredTaxTemporary Differences Amounts Tax Rate (Asset) LiabilityDepreciation $300,000 30% $90,000Litigation (45,000) 30% $(13,500)Unearned rent (25,000) 30% ( 7,500)Totals $180,000 $(21,000)$90,000(c) Deferred tax expense $90,000Deferred tax benefit (21,000)Net deferred tax expense $69,000Solution 19-59(cont.)(d) Income Tax Expense ($63,000 + $69,000) ................................................... 132,000Deferred Tax Asset ...................................................................................... 21,000Deferred Tax Liability ..................................................................... 90,000Income Tax Payable ($210,000 ×30%) .......................................... 63,000 Pr. 19-61—Interperiod tax allocation with change in enacted tax rates.Norway Company purchased equipment for $270,000 on January 2, 2003, its first day of operations. For book purposes, the equipment will be depreciated using the straight-line methodover three years with no salvage value. Pretax financial income and taxable income are asfollows:2003 2004 2005Pretax financial income $156,000 $170,000 $180,000Taxable income 120,000 170,000 216,000The temporary difference between pretax financial income and taxable income is due to the useof accelerated depreciation for tax purposes.Pr. 19-61(cont.)Instructions(a) Prepare the journal entries to record income taxes for all three years (expense, deferrals,and liabilities) assuming that the enacted tax rate applicable to all three years is 30%.(b) Prepare the journal entries to record income taxes for all three years (expense, deferrals,and liabilities) assuming that the enacted tax rate as of 2003 is 30% but that in the middleof 2004, Congress raises the income tax rate to 35% retroactive to the beginning of 2004.Solution 19-61(a) 2003 2004 2005TotalBook depreciation $ 90,000 $90,000 $90,000 $270,000Tax depreciation 126,000 90,000 54,000 270,000Temporary difference $ (36,000) $ -0- $36,000$ -0-2003 Income Tax Expense ...................................................................... 46,800Deferred Tax Liability ($36,000 × .30) ................................ 10,800Income Tax Payable ($120,000 × .30) ................................ 36,000 2004 Income Tax Expense ...................................................................... 51,000Income Tax Payable ($170,000 × .30) .............................. 51,000 2005 Income Tax Expense ...................................................................... 54,000Deferred Tax Liability ..................................................................... 10,800Income Tax Payable ($216,000 × .30) .............................. 64,800 (b) 2003 Income Tax Expense ...................................................................... 46,800Deferred Tax Liability ($36,000 × .30) ................................ 10,800Income Tax Payable ($120,000 × .30) .............................. 36,000 2004 Income Tax Expense ...................................................................... 61,300Deferred Tax Liability ....................................................... 1,800*Income Tax Payable ($170,000 × .35) .............................. 59,500 2005 Income Tax Expense ...................................................................... 63,000Deferred Tax Liability ..................................................................... 12,600Income Tax Payable ($216,000 × .35) .............................. 75,6002005*Future taxable amount $36,000Deferred tax @ 30% 10,800Deferred tax @ 35% 12,600Adjustment $ 1,800Pr. 19-62—Deferred tax asset.Yarman Inc. began business on January 1, 2003. Its pretax financial income for the first 2 yearswas as follows:2003 $ 95,0002004 180,000The following items caused the only differences between pretax financial income and taxable income.1. In 2003, the company collected $90,000 of rent; of this amount, $30,000 was earned in 2003;the other $60,000 will be earned equally over the 2004-2005 period. The full $90,000 was included in taxable income in 2003.2. The company pays $5,000 a year for life insurance on officers.3. In 2004, the company terminated a top executive and agreed to $60,000 of severance pay.The amount will be paid $20,000 per year for 2004-2006. The 2004 payment was made. The $60,000 was expensed in 2004. For tax purposes, the severance pay is deductible as it is paid. The enacted tax rates existing at December 31, 2003 are:2003 30% 2005 40%2004 35% 2006 40%Instructions(a) Determine taxable income for 2003 and 2004.(b) Determine the deferred income taxes at the end of 2003, and prepare the journal entry torecord income taxes for 2003.(c) Prepare a schedule of future taxable and (deductible) amounts at the end of 2004.(d) Prepare a schedule of the deferred tax (asset) and liability at the end of 2004.(e) Compute the net deferred tax expense (benefit) for 2004.(f) Prepare the journal entry to record income taxes for 2004.(g) Show how the deferred income taxes should be reported on the balance sheet atDecember 31, 2004.Solution 19-62(a) 2003 2004Pretax financial income $95,000 $180,000Permanent differences:Life insurance 5,000 5,000100,000 185,000 Temporary differences:Rent 60,000 (30,000)Severance pay -0- 40,000 Taxable income $160,000 $195,000Solution 19-62(cont.)(b) 2003 2004 TotalFuture taxable (deductible) amounts:Rent $(30,000) $(30,000) $(60,000) Tax rate 35% 40%Deferred tax (asset) liability $(10,500) $(12,000) $(22,500) at end of2003Income Tax Expense ($48,000 – $22,500) ................................................... 25,500Deferred Tax Asset ...................................................................................... 22,500Income Tax Payable ($160,000 × 30%) .................................... 48,000 (c) 2005 2006 TotalFuture taxable (deductible) amounts:Rent $(30,000) $(30,000)Severance pay (20,000) $(20,000) (40,000)(d) Future Taxable(Deductible) TaxDeferred TaxTemporary Difference Amounts Rate (Asset) Liability Rent $(30,000) 40% $(12,000)Severance pay (40,000) 40% (16,000)Totals $(70,000) $(28,000)(e) Deferred tax asset at end of 2004 $(28,000)Deferred tax asset at beginning of 2004 (22,500)Net deferred tax (expense) for 2004 $ (5,500)(f) Income Tax Expense ($68,250 – $5,500) ..................................................... 62,750Deferred Tax Asset ...................................................................................... 5,500Income Tax Payable ($195,000 × 35%) .......................................... 68,250 (g) The deferred income taxes should be reported on the December 31, 2004balance sheet as follows:Current assetsDeferred tax asset ($50,000* × 40%) $20,000Other assetsDeferred tax asset ($20,000 × 40%) $8,000*$30,000 + $20,000计算题部分：考点一：实际利率法票据贴现——effective interestPr. 14-70—Bond interest and discount amortization.Logan Corporation issued $600,000 of 8% bonds on October 1, 2004, due on October1, 2009. The interest is to be paid twice a year on April 1 and October 1. The bondswere sold to yield 10% effective annual interest. Logan Corporation closes its books annually on December 31.Instructions(a) Complete the following amortization schedule for the dates indicated. (Round all answersto the nearest dollar.) Use the effective interest method.Debit Credit Carrying AmountCredit Cash Interest Expense Bond Discountof BondsOctober 1, 2004 $553,668 April 1, 2005October 1, 2005(b) Prepare the adjusting entry for December 31, 2005. Use the effective interest method.(c) Compute the interest expense to be reported in the income statement for the year endedDecember 31, 2005.Solution 14-70(a) Debit Credit Carrying AmountCredit Cash Interest Expense Bond Discountof BondsOctober 1, 2004 $553,668 April 1, 2005 $24,000 $27,684 $3,684 557,352 October 1, 2005 24,000 27,868 3,868 561,220 (b) Interest Expense ($561,220 × 10% × 3/12)........................................................ 14,031Interest Payable (1/2 × $24,000) ........................................................ 12,000Discount on Bonds Payable ($14,031 – $12,000) ............................. 2,031 (c) $13,842 (1/2 of $27,684)27,86814,031$55,741Pr. 14-69—Bond discount amortization.On June 1, 2004, Janson Bottle Company sold $1,000,000 in long-term bonds for$877,600. The bonds will mature in 10 years and have a stated interest rate of 8%and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. Thebonds are to be accounted for under the effective interest method.Instructions(a) Construct a bond amortization table for this problem to indicate the amount ofinterest expense and discount amortization at each May 31. Include only the firstfour years. Make sure all columns and rows are properly labeled. (Round to thenearest dollar.)(b) The sales price of $877,600 was determined from present value tables.Specifically explain how one would determine the price using present value tables.(c) Assuming that interest and discount amortization are recorded each May 31, prepare theadjusting entry to be made on December 31, 2006. (Round to the nearest dollar.)Solution 14-69(a) Debit Credit Carrying AmountDate Credit Cash Interest Expense Bond Discount ofBonds6/1/04 $877,6005/31/05 $80,000 $87,760 $7,760 885,3605/31/06 80,000 88,536 8,536 893,8965/31/07 80,000 89,390 9,390 903,2865/31/08 80,000 90,328 10,328 913,614(b) (1) Find the present value of $1,000,000 due in 10 years at 10%.(2) Find the present value of 10 annual payments of $80,000 at 10%.Add (1) and (2) to obtain the present value of the principal and the interestpayments.Solution 14-69(cont.)(c) Interest Expense ........................................................................ 52,144*Interest Payable ............................................................................. 46,666**Discount on Bonds Payable ........................................................... 5,478 *7/12 ⨯ $89,390 (from Table) = $52,144**7/12 ⨯ 8% ⨯ $1,000,000 = $46,666考点二：奖票的费用如何计算，未兑换时估计奖票的负债如何计算Ex. 13-74—Premiums.Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers receive a dog toy that the company purchases for $1.50 each.Balley's experience indicates that 60 percent of the coupons will be redeemed. During2004, 100,000 bags of dog food were sold, 12,000 toys were purchased, and 45,000 coupons were redeemed. During 2005, 120,000 bags of dog food were sold, 16,000toys were purchased, and 60,000 coupons were redeemed.InstructionsDetermine the premium expense to be reported in the income statement and the estimatedliability for premiums on the balance sheet for 2004 and 2005.Solution 13-7420042005Premium expense $30,000 (1) $36,000 (3) Estimated liability for premiums 7,500 (2) 13,500 (4)(1) 100,000 × .6 = 60,000; 60,000 ÷ 3 = 20,000; 20,000 × $1.50 = $30,000.(2) 45,000 ÷ 3 = 15,000; 20,000 – 15,000 = 5,000; 5,000 × $1.50 = $7,500.(3) 120,000 × .6 = 72,000; 72,000 ÷ 3 = 24,000; 24,000 × $1.50 = $36,000.(4) 60,000 ÷ 3 = 20,000; 5,000 + 24,000 – 20,000 = 9,000; 9,000 × $1.50 = $13,500.考点三：债券的发行价格Ex. 14-62—Bond issue price and premium amortization.On January 1, 2004, Lowry Co. issued ten-year bonds with a face value of $2,000,000and a stated interest rate of 10%, payable semiannually on June 30 and December 31.The bonds were sold to yield 12%. Table values are:Present value of 1 for 10 periods at 10% ................................................. .386Present value of 1 for 10 periods at 12% ................................................. .322Present value of 1 for 20 periods at 5% ................................................... .377Present value of 1 for 20 periods at 6% ................................................... .312Present value of annuity for 10 periods at 10% ...................................... 6.145Present value of annuity for 10 periods at 12% ...................................... 5.650Present value of annuity for 20 periods at 5% ........................................ 12.462Present value of annuity for 20 periods at 6% ........................................ 11.470 Instructions。

会计专业英语-模拟题《会计专业英语》模拟题一.单选题1.The Realization Principle indicates that revenue usually should be recognized and recorded in the accounting record().A.when goods are sole or services are rendered to customersB.when cash is collected from customersC.at the end of the accounting periodD.only when the revenue can be matched by an equal dollar amount of expenses[答案]:A2.The Matching Principle:().A.applies only to situations in which a cash payment occurs before an expense is recognizedB.applies only to situations in which a cash receipt occurs before revenue is recognizedC.is used in accrual accounting to determine the proper period for recognition of expensesD.is used in accrual accounting to determine the proper period in which to recognize revenue[答案]:C3.Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to ().A.decrease assets and decrease owner’s equityB.increase liabilities and d ecrease owner’s equityC.have no effect on total assetsD.decrease assets and decrease liabilities[答案]:D4.Which of the following concepts belongs to accountingassumption?().A.ConservationB.Money measurementC.MaterialityD.Consistency[答案]:B5.Which of these is/are an example of an asset account?___A.service revenueB.withdrawalsC.suppliesD.all of the above[答案]:C6.Which of these statements is false?().A.increase in assets and increase in revenues are recorded with a debitB.increase in liabiliti es and increase in owner’s equity are recorded with a c reditC.increase in both assets and withdrawals are recorded with a debitD.decreases in liabilities and increase in expenses are recorded with a debit[答案]:A7.Note payable has a normal beginning balance of $30 000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000. Determine the payments on loans during the period. ______A.$74000B.$52000C.$134000D.[答案]:B8.Typical liability accounts include _____.A.accounts payable, bank loan, wages payable, drawingsB.Accounts payable, bank overdraft, wages payable, stationaryC.Accounts receivable, bank overdraft, wages payableD.Accounts payable, borrowing from the public, bank overdraft, wages payable.[答案]:D9.Which of these accounts has a normal debit balance?_____.A.Rent ExpenseB.WithdrawalsC.Service RevenueD.Both A and B have a normal debit balance[答案]:D二.判断题1.Accounting provides financial information that is only useful to business management.()[答案]:F2.The accounting process generates financial reports for both “internal” and “external” u sers.() [答案]:T3.The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.() [答案]:T4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.()[答案]:T5.The ledger account provides a chronological order of transactions.()6.Post reference columns are found only in the journal, notin the ledger.()[答案]:F/doc/169122957.html,ually two signatures are required on a business check for it to be valid.() [答案]:T8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. ()[答案]:F9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."() [答案]:T10.A leasehold is an example of a long-life asset.()[答案]:F11.The accounting reporting period agrees to the calendar year. ()[答案]:F12.An increase in permanent capital is recorded as a credit to the account. ()[答案]:T13.Dollar signs are used in the amount areas of the ledger accounts. ()[答案]:F14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ()[答案]:F15.Every business transaction is first recorded in the journal. ()[答案]:T16.Internal control of operations is equally complex in a small and in a large organization. ()[答案]:F17.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.() [答案]:T18.A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ()19.Depreciation expense is usually recorded at least once a year. ()[答案]:T20.Amortization is the conversion of the cost of an intangible asset to an expense. ()[答案]:T21.Two methods of recognizing accelerated depreciation are the straight-line and the double-declining balance method.() [答案]:F22.Research and development costs represent an intangible asset. ()[答案]:T23.A present reduction in cash required to generate revenues is called “an expense”[答案]:F24.The revenue expenses are paid to influence the current operating result.[答案]:F25.Advertising expense is usually collected as period expense.[答案]:T26.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ()[答案]:F27.Repair of a generator is a capital expenditure. ()[答案]:F28.Revenue increases owner's equity.()[答案]:T29.Revenue is recognized when we receive cash from the buyers.()[答案]:F30.Interest revenue should be measured based on the length of time. ()[答案]:T三.翻译题1.Sole Proprietorship Enterprises[答案]:独资企业2.Profit cost and capital cost principle[答案]:划分收益性支出与资本性支出3.Double entry system[答案]:复式记帐法4.Source documents[答案]:原始凭证5.Environmental accounting[答案]:环境会计6.Matching principle[答案]:配比原则7.Gross profit[答案]:毛利8.Perpetual inventory system[答案]:永序盘存制9.Intangible assets[答案]:无形资产10.fixed asset[答案]:固定资产11.Statement of cash flows[答案]:现金流量表12.Bank Reconciliation[答案]:银行余额调节表13.Low-valued and easily-damaged implements [答案]:低值易耗品14.Physical depreciation[答案]:有形损耗15.Short-term debt-paying ability[答案]:短期偿债能力16.Accelerated depreciation method[答案]:加速折旧法17.notes receivable[答案]:应收票据18.long-term solvency[答案]:长期偿债能力四.论述题1.完成下列等式:1. Accounting Equation:Assets =2. Perpetual inventory system:Ending Inv. =[答案]:1. Accounting Equation:Assets = Liabilities + Owner's Equity2. Perpetual inventory system:Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold。

《会计专业英语》模拟题一．单项选择题1.The Realization Principle indicates that revenue usually should be recognizedand recorded in the accounting record, .A. when goods are sole or services are rendered to customersB. when cash is collected from customersC. at the end of the accounting periodD. only when the revenue can be matched by an equal dollar amount of expenses2. The Matching Principle: .A. applies only to situations in which a cash payment occurs before an expense is recognizedB. applies only to situations in which a cash receipt occurs before revenue is recognizedC. is used in accrual accounting to determine the proper period for recognition of expensesD. is used in accrual accounting to determine the proper period in which to recognize revenue3. Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to .A. decrease assets and decrease owner’s equityB. increase liabilities and decrease owner’s equityC. have no effect on total assetsD. decrease assets and decrease liabilities4. Which of the following concepts belongs to accounting assumption? .A. ConservationB. Money measurementC. MaterialityD. Consistency5. Which of these is/are an example of an asset account?___A. service revenueB. withdrawalsC. suppliesD. all of the above6. Which of these statements is false? .A. increase in assets and increase in revenues are recorded with a debitB. increase in liabilities and increase in owner’s e quity are recorded witha creditC. increase in both assets and withdrawals are recorded with a debitD. decreases in liabilities and increase in expenses are recorded with a debit二．判断题1. Accounting provides financial information that is only useful to business management. ( )2. The accounting process generates financial reports for both “internal” and “external” users. ( )3. The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.（）4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.（）5. The ledger account provides a chronological order of transactions.（）6. Post reference columns are found only in the journal, not in the ledger.（）ually two signatures are required on a business check for it to be valid.（）8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. （）9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."（）10. A leasehold is an example of a long-life asset.（）11. The accounting reporting period agrees to the calendar year. ( )12.An increase in permanent capital is recorded as a credit to the account. ( )13. Dollar signs are used in the amount areas of the ledger accounts. ( )14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ( )15. Every business transaction is first recorded in the journal. ( )16.Internal control of operations is equally complex in a small and in a large organization. ( )17.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ( )18.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.( )19. A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ( )20.Depreciation expense is usually recorded at least once a year. ( )21.Amortization is the conversion of the cost of an intangible asset to an expense. ( )三．翻译题1. Sole Proprietorship Enterprises2. Profit cost and capital cost principle3. Double entry system4. Source documents5. Environmental accounting6. Matching principle7. Gross profit 8. Perpetual inventory system9. Intangible assets 10. 原始凭证11. 固定资产四．完成下列等式1. Accounting Equation：Assets =2. Perpetual inventory system：Ending Inv. =五．编制银行存款余额调节表The following information pertains to ABC company:（1）cash balance per bank July 31, $7263（2）July bank service charge not recorded by the depositor $15（3） cash balance per book July 31, $7190（4） Deposits in transit July 31, $1700（5）Note for $1000 collected for ABC in July by bank plus interest $36, and charge $20 for service. The collection has not been recorded byABC and no interest has been accrued（6）Outstanding checks July 31 , $772Prepare Bank reconciliation at July 31.六．编写借贷会计分录On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s acco untantlisted the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 incash and placing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sod services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions with “Dr.” and “Cr.”七．编制试算平衡表The bank statement of LA Company shows a final balance of $2119 as of March 31, the balance of the cash in the ledger as of that is $1552, LA accountant has taken the following steps.Prepare bank reconciliation at March 31.(1) Noted that the deposit made on March 31 was not recorded on the bank statement, $762.(2) Noted outstanding checks: no.921, $626. no.985, $69. no.986, $438.(3) Noted credit memo: note collected by the bank from ABC company ,$200, not recordedin the journal.(4) Noted debit memo: collection charge and service charge not recorded in the journal, $4.八．存货成本计算C asey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?九．设立T形账户并编制试算平衡表(1) May1: Jill Jones and her family invested $8,000 in BBE Company and received 800 shares ofstock.(2) May2: BBE purchased an equipment for $2,500 cash.(3) May 8: BBE purchased a $15,000 truck. BBE paid $2,000 in cash and issued a note payablefor the remaining $13,000.(4) May 18: BBE sold services on account to ABC Lawns, $150. ABC Lawns agree to pay BBEwithin 30 days.(5) May 29: BBE provided services for a client and received $750 in cash.(6) May31:BBE purchased gasoline for the truck for $50 cash.Please Analyze the above transactions of BBE Company, set up its "T" accounts, and prepare a trial balance.参考答案：一．单项选择题1.A2.C3.D4.B5.C6.A二．判断题1.F2.T3.T4.T5.F6.F7.T8.F9.T 10.F11.F 12.T 13.F 14.F 15.T 16.F 17.F 18.T 19.T 20.T 21.T三．翻译题1. 独资企业2. 划分收益性支出与资本性支出3. 复式记帐法4. 原始凭证5.环境会计6. 配比原则7. 毛利8. 永序盘存制9.无形资产10. source document 11.fixed asset四．完成下列等式1. Accounting Equation：Assets = Liabilities + Owner's Equity2. Perpetual inventory system：Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold五．编制银行存款余额调节表ABC CompanyBank ReconciliationJuly 31 20Bank statement balance, July 31 $7263 Add. Deposits In Transit 17008963Deduct: Outstanding checks 772 Adjusted bank statement balance 8191Ledger balance of cash $7190 Add. Credit memo 10368226 Deduct: Bank service charge 2015Adjusted ledger balance of cash 8191 六．编写借贷会计分录A Dr. Cash 20000Cr. N. B. Edgar, Capital 20000B Dr. Furniture and Fixtures 450Cr. Cash 450C Dr. Rent Expense 705Cr. Cash 705D Dr. Equipment 17400Cr. Cash 4000Accounts Payable 13400E Dr. Supplies 410Cr. Accounts Payable 410F Dr. Cash 862Cr. Laundry Revenue 862G Dr. Prepaid Insurance 468Cr. Cash 468H Dr. Accounts Payable 550Cr. Cash 550I Dr. Utilities Expense 118Cr. Cash 118J Dr. Accounts Payable 145Cr. Cash 145K Dr. Cash 881Cr. Laundry Revenue 881L Dr. Miscellaneous Expense 45Cr. Cash 45M Dr. Wages Expense 1146Cr. Cash 1146N Dr. N. B. Edgar, Drawing 875Cr. Cash 875七．编制试算平衡表LA CompanyBank reconciliationMarch 31 2004Bank statement balance, March 31 $2119Add. Deposits In Transit 7622881Deduct: Outstanding checksNo. 921 $626No. 985 69No. 986 438 1133Adjusted bank statement balance 1748Ledger balance of cash $1552Add. Note collected by bank 2001752Deduct: Bank service & collection charges 4Adjusted Ledger Balance of Cash 1748八．存货成本计算34 Units(beginning inventory) @ $270 each = $918060 Units(first purchase) @ $282 each = 16920 88 Units(second purchase) @ $298 each = 26224182 Units $52324九．设立T形账户并编制试算平衡表。

英文版会计学考试题及答案English Accounting Exam Questions and AnswersQuestion 1: Define the term "Double Entry Bookkeeping" and explain its significance in accounting.Answer 1: Double Entry Bookkeeping is a system of recording financial transactions in which every entry to an account requires a corresponding and opposite entry to a different account. This ensures that the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance. The significance of double entry bookkeeping lies in its ability to provide an accurate and comprehensive picture of a business's financial status, facilitating better decision-making and financial control.Question 2: What is the purpose of a trial balance, and how does it help in the preparation of financial statements?Answer 2: A trial balance is a report that lists the balances of all general ledger accounts at a particular point in time, with debit and credit amounts. It is used to ensure that the debits and credits have been recorded correctly. The trial balance helps in the preparation of financial statements by identifying any discrepancies in the accounting records, which can then be rectified before finalizing the statements.Question 3: Explain the difference between "AccrualAccounting" and "Cash Accounting."Answer 3: Accrual Accounting is a method of accounting where revenues and expenses are recognized when they are earned or incurred, not necessarily when cash is received or paid. This method provides a more accurate representation of a company's financial performance over a period. Cash Accounting, on the other hand, records transactions only when cash is exchanged. It is simpler and is often used by small businesses or those that operate on a cash basis.Question 4: Describe the process of preparing an income statement.Answer 4: Preparing an income statement involves several steps:1. List all the revenues for the period, such as sales and service income.2. Deduct all the expenses incurred to generate those revenues, including cost of goods sold, operating expenses, and taxes.3. Calculate the net income by subtracting total expenses from total revenues.4. The income statement should reflect the company's profitability over a specified period, typically a month, quarter, or year.Question 5: What are the main components of a balance sheet, and how do they relate to each other?Answer 5: The main components of a balance sheet are:1. Assets: What the company owns or controls with future economic benefit, divided into current assets (short-term) and non-current assets (long-term).2. Liabilities: Obligations the company owes to others, classified as current liabilities (due within one year) and long-term liabilities (due after one year).3. Owner's Equity: The residual interest in the assets of the entity after deducting liabilities, also known as shareholders' equity or net assets.These components are related through the fundamental accounting equation: Assets = Liabilities + Owner's Equity.Question 6: How does depreciation affect a company'sfinancial statements?Answer 6: Depreciation is a non-cash accounting method used to allocate the cost of tangible assets over their useful lives. It affects a company's financial statements in the following ways:1. It reduces the book value of the asset on the balance sheet.2. It increases the accumulated depreciation account, whichis a contra-asset account.3. It decreases net income on the income statement, as depreciation is an expense.4. It can lower taxable income, potentially reducing the company's tax liability.Question 7: What is the purpose of the statement of cash flows, and how does it differ from the income statement?Answer 7: The purpose of the statement of cash flows is to provide information about a company's cash receipts and payments during a period, showing how these cash flows affect the company's financial position. It differs from the income statement in that:1. It focuses on cash transactions, not accrual-basis accounting.2. It categorizes cash flows into operating, investing, and financing activities.3. It does not report net income but rather the net change in cash and cash equivalents.Question 8: Explain the concept of "Going Concern" and its importance in financial reporting.Answer 8: The Going Concern concept assumes that a businesswill continue to operate for the foreseeable future, allowing it to realize its assets and discharge its liabilities in the normal course of business. It is important in financial reporting because it underpins the accrual basis of accounting, which assumes that the business will continue to operate and therefore can recognize revenues and expensesover time.Question 9: What are the ethical considerations in accounting, and why are they important?Answer 9: Ethical considerations in accounting include honesty, integrity, objectivity, and confidentiality. Theyare important because they ensure the reliability andcredibility of financial information, which is crucial for stakeholders to make informed decisions. Ethical behavior also helps maintain public trust。

1. The economic resources of a business are called: BA.Owner's EquityB.AssetsC.Accounting equationD.Liabilities2.DTK Company has a $3500 accounts receivable from GRS Company. On January 20，GRS Company makes a partial payment of ＄2100 to DTK Company. The journal entry made on January20 by DTK Company to record this transaction includes： DA. A debit to the cash receivable account of ＄2100。

B. A credit to the accounts receivable account of ＄2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA.Face value.账面价值B.Current value.现值C.Market value.市场价值D.Estimated future sales value。

4. Each of the following measures strengthens internal control over cash rec eipts except： DA.The use of a voucher system。

中级会计英语考试模拟题一、单选题（共 20 题，每题 2 分）1、 The accounting principle that requires revenue to be recognized when earned and expenses to be recognized when incurred is known as the （）A Matching principleB Revenue recognition principleC Historical cost principleD Conservatism principle2、 Which of the following is not a current liability? （）A Accounts payableB Notes payable due in six monthsC Bonds payable due in ten yearsD Accrued wages3、 The inventory method that assumes that the first goods purchased are the first goods sold is （）A FIFO （FirstIn, FirstOut)B LIFO （LastIn, FirstOut)C Weighted average costD Specific identification4、 A company purchased equipment for ＄50,000, with a useful life of5 years and no salvage value Using the straightline depreciation method, the annual depreciation expense is （）A ＄10,000B ＄25,000C ＄5,000D ＄20,0005、 Which financial statement reports the financial position of a company at a specific point in time? （）A Income statementB Balance sheetC Cash flow statementD Statement of retained earnings6、 When a company records a bad debt expense, it is using the （）A Direct writeoff methodB Allowance methodC Aging of receivables methodD Percentage of sales method7、 The cost of goods sold is calculated as （）A Beginning inventory ＋ Purchases Ending inventoryB Beginning inventory Purchases ＋ Ending inventoryC Beginning inventory ＋ Purchases ＋ Ending inventoryD Beginning inventory Purchases Ending inventory8、 A company has net income of ＄50,000 and a dividend payout ratio of 40% The amount of dividends paid is （）A ＄20,000B ＄30,000C ＄10,000D ＄40,0009、 Which of the following is not a component of the accounting equation? （）A AssetsB LiabilitiesC EquityD Revenue10、 The journal entry to record the payment of an accounts payable would include a （）A Debit to accounts payable and a credit to cashB Debit to cash and a credit to accounts payableC Debit to accounts receivable and a credit to cashD Debit to cash and a credit to accounts receivable11、 The process of transferring the debit and credit amounts from the journal to the ledger accounts is called （）A PostingB JournalizingC BalancingD Adjusting12、 Which of the following accounts has a normal credit balance? （）A CashB Accounts receivableC Accounts payableD Prepaid expenses13、 A company issues common stock for ＄100,000、 The journal entry would include a （）A Debit to cash and a credit to common stockB Debit to common stock and a credit to cashC Debit to retained earnings and a credit to common stockD Debit to common stock and a credit to retained earnings14、 The financial statement that shows the cash inflows and outflows of a company during a period of time is the （）A Income statementB Balance sheetC Cash flow statementD Statement of stockholders' equity15、 Which of the following is an example of a contra account? （）A Accumulated depreciationB LandC Accounts receivableD Inventory16、 The return on equity ratio is calculated as （）A Net income ／ Total assetsB Net income ／ Shareholders' equityC Total assets ／ Net incomeD Shareholders' equity ／ Net income17、 If a company has a current ratio of 2:1, it indicates that （）A The company has twice as many current assets as current liabilitiesB The company has twice as many current liabilities as current assetsC The company's current assets and current liabilities are equalD The company has more current liabilities than current assets18、 The accounting term for the cost of borrowing money is （）A Interest expenseB PrincipalC DiscountD Premium19、 A company purchased inventory for ＄10,000 on credit The journal entry would include a （）A Debit to inventory and a credit to accounts payableB Debit to accounts payable and a credit to inventoryC Debit to accounts receivable and a credit to inventoryD Debit to inventory and a credit to accounts receivable20、 Which of the following is not a fixed asset? （）A LandB InventoryC BuildingsD Equipment二、多选题（共 10 题，每题 3 分）1、 The elements of financial statements include （）A AssetsB LiabilitiesC EquityD RevenueE Expenses2、 The inventory valuation methods include （）A FIFOB LIFOC Weighted average costD Specific identification3、 The factors that affect the depreciation expense include （）A Cost of the assetB Estimated useful lifeC Estimated salvage valueD Method of depreciation4、 The current assets include （）A CashB Accounts receivableC InventoryD Prepaid expenses5、 The financial ratios commonly used to evaluate a company's performance include （）A Current ratioB Debt ratioC Return on equityD Gross profit margin6、 The adjusting entries may include （）A Accrued revenuesB Accrued expensesC Deferred revenuesD Deferred expenses7、 The accounts that are closed at the end of the accounting period include （）A Revenue accountsB Expense accountsC Dividend accountsD Asset accounts8、 The components of the cash flow statement include （）A Operating activitiesB Investing activitiesC Financing activitiesD Noncash activities9、 The methods of accounting for bad debts include （）A Direct writeoff methodB Allowance methodC Aging of receivables methodD Percentage of sales method10、 The characteristics of a liability include （）A It is a present obligationB It arises from past eventsC It results in an outflow of resourcesD It is expected to be settled in the future三、判断题（共 10 题，每题 2 分）1、 The doubleentry accounting system requires that each transaction affect at least two accounts （）2、 The accrual basis of accounting recognizes revenues when cash is received and expenses when cash is paid （）3、 The balance sheet equation is Assets ＝ Liabilities ＋ Equity （）4、 Depreciation is a process of allocating the cost of a tangible asset over its useful life （）5、 Goodwill is an intangible asset that is amortized over its useful life （）6、 The income statement shows the financial performance of a company over a period of time （）7、 The statement of cash flows is not an essential financial statement for a company （）8、 A company can change its accounting methods at any time without any restrictions （）9、 The ending inventory affects the cost of goods sold and net income （）10、 The current ratio is calculated as current assets divided by current liabilities （）四、计算题（共 2 题，每题 15 分）1、 A company has the following information at the end of the year:Cash ＄50,000Accounts receivable ＄100,000Inventory ＄150,000Prepaid expenses ＄20,000Accounts payable ＄80,000Notes payable due in six months ＄50,000Calculate the current ratioSolution:Current assets ＝ Cash ＋ Accounts receivable ＋ Inventory ＋ Prepaid expenses＝＄50,000 ＋＄100,000 ＋＄150,000 ＋＄20,000＝＄320,000Current liabilities ＝ Accounts payable ＋ Notes payable due in six months＝＄80,000 ＋＄50,000＝＄130,000Current ratio ＝ Current assets ／ Current liabilities＝＄320,000 ／＄130,000＝ 2462、 A company purchased equipment for ＄200,000 with a useful life of 5 years and a salvage value of ＄20,000、 Calculate the annual depreciation expense using the straightline methodSolution:Depreciable cost ＝ Cost Salvage value＝＄200,000 ＄20,000＝＄180,000Annual depreciation expense ＝ Depreciable cost ／ Useful life＝＄180,000 ／ 5＝＄36,000五、简答题（共 2 题，每题 10 分）1、 Explain the difference between the cash basis and accrual basis of accountingThe cash basis of accounting recognizes revenues when cash is received and expenses when cash is paid This method is simple but may not provide an accurate picture of a company's financial performance over a period of timeThe accrual basis of accounting, on the other hand, recognizes revenues when they are earned and expenses when they are incurred, regardless of when the cash is exchanged This method better matches revenues and expenses to the period in which they occur, providing a more accurate representation of a company's financial performance and financial position2、 Explain the purpose of the statement of cash flowsThe statement of cash flows is an important financial statement that provides information about the cash inflows and outflows of a company during a specific period of time It helps users of financial statements to assess the company's ability to generate cash, its cash needs, and its cash management strategies The statement of cash flows is divided into three main sections: operating activities, investing activities, and financing activities Operating activities include cash flows related to the company's core business operations, such as sales and purchases Investing activities involve cash flows from the acquisition and disposal of longterm assets Financing activities include cash flows related to obtaining and repaying capital, such as issuing stocks and bonds or paying dividends By analyzing the statement of cash flows, investors, creditors, and management can make more informed decisions about the company's financial health and future prospects。

浙江大学继续教育学院试卷模拟卷答案课程代码名称_会计英语__ 考试时间：90分钟--------------------------------------------------------------------------------请保持卷面整洁，答题字迹工整。

一、汉译英（共15小题，每小题2分，共30分）1.会计信息质量特征: qualitative characteristic of accounting information2.及时性: timeliness3.净利润: net profit （net income）4.报告期间: reporting period5.资本支出: capital expenditure6.流动性资源: liquid resource7.经营活动: operating activities8.投资报酬: returns from investment9.总资产报酬率: rate of return on total assets10.市盈率: price-earnings ratio11.直接人工: direct labor12.期间费用: period expense13.股利支付率: dividend yield rate14.利息获利倍数: times interest earned15.资产负债率: debts to total assets ratio二、单选题（共10小题，每小题2分，共20分）1. Contribution margin （revenue minus variable costs）is an important tool for （）.A. financial ratio analysisB. horizontal analysisC. vertical analysisD. cost-volume-profit analysis2. In manufacturing operations, the costs of direct materials and direct labor are ( ) with respect to the number of units manufactured.A. semivariable costsB. semifixed costsC. variable costsD. fixed costs3. One of the major characteristics of an accounting asset is：The asset must be capable of measurement in ( ).A. physical termsB. monetary termsC. cashD. units4. The balance sheet is concerned with setting out the financial position of a business （）.A. at one moment in timeB. at one dayC. over a periodD. during a period5. The purpose of （）is to measure and report how much profit (wealth) the business has generated over a period.A. the balance sheetB. the cash flow statementC. the income statementD. the financial statement6. The( ), also known as the acid-test ratio, shows the relationship between highly liquid (quick) assets and current liabilities.A. financial ratioB. quick ratioC. current ratioD. leverage ratio7.（）represent creditors claims to the firms assets.A. EquitiesB. LiabilitiesC. AssetsD. Capitals8. The ( ) figure represents the cost of goods which were sold during the period. rather than the cost of goods purchased during the period.A. revenueB. cost of salesC. expenseD. income9. When financial statement amounts for two or more years are placed side by side in adjacent columns, such a statement is called ( )A. a common-size financial statementB. trend percentageC. a comparative financial statementD. component percentage10. Accounting information should be free from any material error or bias. It should be capable ofbeing relied on by users to represent what it is supposed to represent. That means accounting information should be （）.A. relevanceB. reliabilityC. comparabilityD. understandability三、英译汉（共4小题，每小题的得分见各题中具体标注，共50分）1.(10分)The ability to generate revenues is often viewed as one of the important keys to success for a company. As important as generating revenues, controlling expenses is also a barometer（晴雨表）of a company’s success.创造收入的能力常常被看作一个公司成功的关键之一。

《会计专业英语》模拟题一．单项选择题1.The Realization Principle indicates that revenue usually should be recognizedand recorded in the accounting record, .A. when goods are sole or services are rendered to customersB. when cash is collected from customersC. at the end of the accounting periodD. only when the revenue can be matched by an equal dollar amount of expenses2. The Matching Principle: .A. applies only to situations in which a cash payment occurs before an expense is recognizedB. applies only to situations in which a cash receipt occurs before revenue is recognizedC. is used in accrual accounting to determine the proper period for recognition of expensesD. is used in accrual accounting to determine the proper period in which to recognize revenue3. Xxx company paid $2850 on account. The effect of this transaction on the accounting equation is to .A. decrease assets and decrease owner’s equityB. increase liabilities and decrease owner’s equityC. have no effect on total assetsD. decrease assets and decrease liabilities4. Which of the following concepts belongs to accounting assumption? .A. ConservationB. Money measurementC. MaterialityD. Consistency5. Which of these is/are an example of an asset account?___A. service revenueB. withdrawalsC. suppliesD. all of the above6. Which of these statements is false? .A. increase in assets and increase in revenues are recorded with a debitB. increase in liabilities and increase in owner’s e quity are recorded witha creditC. increase in both assets and withdrawals are recorded with a debitD. decreases in liabilities and increase in expenses are recorded with a debit二．判断题1. Accounting provides financial information that is only useful to business management. ( )2. The accounting process generates financial reports for both “internal” and “external” users. ( )3. The basic concept of double-entry accounting is that total debits must equal total credits for every business transaction.（）4.A trial balance represents a listing of the ledger accounts and balances at a particular moment in time.（）5. The ledger account provides a chronological order of transactions.（）6. Post reference columns are found only in the journal, not in the ledger.（）ually two signatures are required on a business check for it to be valid.（）8.When a check is written by a business, the immediate effect is to reduce both the balance shown in the checkbook and the balance on the bank's records. （）9.The final amounts shown on both sides of the bank reconciliation statement are labeled "Adjusted Balances."（）10. A leasehold is an example of a long-life asset.（）11. The accounting reporting period agrees to the calendar year. ( )12.An increase in permanent capital is recorded as a credit to the account. ( )13. Dollar signs are used in the amount areas of the ledger accounts. ( )14.If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts. ( )15. Every business transaction is first recorded in the journal. ( )16.Internal control of operations is equally complex in a small and in a large organization. ( )17.There are only two parties to a check: the person who writes it (the drawee) and the person to whom it is written (the payee). ( )18.Two documents used in preparing a bank reconciliation statement are the bank statement and the checkbook stubs.( )19. A common cause of inequality between the balances on the bank statement and in the checkbook is outstanding checks. ( )20.Depreciation expense is usually recorded at least once a year. ( )21.Amortization is the conversion of the cost of an intangible asset to an expense. ( )三．翻译题1. Sole Proprietorship Enterprises2. Profit cost and capital cost principle3. Double entry system4. Source documents5. Environmental accounting6. Matching principle7. Gross profit 8. Perpetual inventory system9. Intangible assets 10. 原始凭证11. 固定资产四．完成下列等式1. Accounting Equation：Assets =2. Perpetual inventory system：Ending Inv. =五．编制银行存款余额调节表The following information pertains to ABC company:（1）cash balance per bank July 31, $7263（2）July bank service charge not recorded by the depositor $15（3） cash balance per book July 31, $7190（4） Deposits in transit July 31, $1700（5）Note for $1000 collected for ABC in July by bank plus interest $36, and charge $20 for service. The collection has not been recorded byABC and no interest has been accrued（6）Outstanding checks July 31 , $772Prepare Bank reconciliation at July 31.六．编写借贷会计分录On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s accountantlisted the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 incash and placing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sod services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions with “Dr.” and “Cr.”七．编制试算平衡表The bank statement of LA Company shows a final balance of $2119 as of March 31, the balance of the cash in the ledger as of that is $1552, LA accountant has taken the following steps.Prepare bank reconciliation at March 31.(1) Noted that the deposit made on March 31 was not recorded on the bank statement, $762.(2) Noted outstanding checks: no.921, $626. no.985, $69. no.986, $438.(3) Noted credit memo: note collected by the bank from ABC company ,$200, not recordedin the journal.(4) Noted debit memo: collection charge and service charge not recorded in the journal, $4.八．存货成本计算C asey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?九．设立T形账户并编制试算平衡表(1) May1: Jill Jones and her family invested $8,000 in BBE Company and received 800 shares ofstock.(2) May2: BBE purchased an equipment for $2,500 cash.(3) May 8: BBE purchased a $15,000 truck. BBE paid $2,000 in cash and issued a note payablefor the remaining $13,000.(4) May 18: BBE sold services on account to ABC Lawns, $150. ABC Lawns agree to pay BBEwithin 30 days.(5) May 29: BBE provided services for a client and received $750 in cash.(6) May31:BBE purchased gasoline for the truck for $50 cash.Please Analyze the above transactions of BBE Company, set up its "T" accounts, and prepare a trial balance.参考答案：一．单项选择题1.A2.C3.D4.B5.C6.A二．判断题1.F2.T3.T4.T5.F6.F7.T8.F9.T 10.F11.F 12.T 13.F 14.F 15.T 16.F 17.F 18.T 19.T 20.T 21.T三．翻译题1. 独资企业2. 划分收益性支出与资本性支出3. 复式记帐法4. 原始凭证5.环境会计6. 配比原则7. 毛利8. 永序盘存制9.无形资产10. source document 11.fixed asset四．完成下列等式1. Accounting Equation：Assets = Liabilities + Owner's Equity2. Perpetual inventory system：Ending Inv. =Beg. Inv.+ Purchases-Cost of goods sold五．编制银行存款余额调节表ABC CompanyBank ReconciliationJuly 31 20Bank statement balance, July 31 $7263 Add. Deposits In Transit 17008963Deduct: Outstanding checks 772 Adjusted bank statement balance 8191Ledger balance of cash $7190 Add. Credit memo 10368226 Deduct: Bank service charge 2015Adjusted ledger balance of cash 8191六．编写借贷会计分录A Dr. Cash 20000Cr. N. B. Edgar, Capital 20000B Dr. Furniture and Fixtures 450Cr. Cash 450C Dr. Rent Expense 705Cr. Cash 705D Dr. Equipment 17400Cr. Cash 4000Accounts Payable 13400E Dr. Supplies 410Cr. Accounts Payable 410F Dr. Cash 862Cr. Laundry Revenue 862G Dr. Prepaid Insurance 468Cr. Cash 468H Dr. Accounts Payable 550Cr. Cash 550I Dr. Utilities Expense 118Cr. Cash 118J Dr. Accounts Payable 145Cr. Cash 145K Dr. Cash 881Cr. Laundry Revenue 881L Dr. Miscellaneous Expense 45Cr. Cash 45M Dr. Wages Expense 1146Cr. Cash 1146N Dr. N. B. Edgar, Drawing 875Cr. Cash 875七．编制试算平衡表LA CompanyBank reconciliationMarch 31 2004Bank statement balance, March 31 $2119Add. Deposits In Transit 7622881Deduct: Outstanding checksNo. 921 $626No. 985 69No. 986 438 1133Adjusted bank statement balance 1748Ledger balance of cash $1552Add. Note collected by bank 2001752Deduct: Bank service & collection charges 4Adjusted Ledger Balance of Cash 1748八．存货成本计算34 Units(beginning inventory) @ $270 each = $918060 Units(first purchase) @ $282 each = 16920 88 Units(second purchase) @ $298 each = 26224182 Units $52324九．设立T形账户并编制试算平衡表。

英语会计模拟考试题及答案一、选择题（每题2分，共20分）1. Which of the following is not a primary financial statement?A. Balance SheetB. Income StatementC. Cash Flow StatementD. Payroll ReportAnswer: D2. The process of measuring the value of a company's assets and liabilities is known as:A. ValuationB. ReconciliationC. DepreciationD. AmortizationAnswer: A3. What is the formula for calculating the Return on Investment (ROI)?A. (Net Income / Total Assets) * 100B. (Net Income / Total Equity) * 100C. (Return - Investment) / Investment * 100D. (Return / Investment) * 100Answer: D4. Which of the following is an example of a contingent liability?A. Accounts PayableB. Unearned RevenueC. Warranty ObligationsD. Notes PayableAnswer: C5. The accounting equation is:A. Assets = Liabilities + EquityB. Assets = Liabilities - EquityC. Assets - Liabilities = EquityD. Equity = Assets + LiabilitiesAnswer: A二、填空题（每空1分，共10分）6. The term "double-entry" in accounting refers to thepractice of recording each transaction in at least ________ accounts.Answer: two7. When a company pays off its debts, it is known as ________.Answer: debt reduction8. The accounting principle that requires companies to report revenues and expenses in the period in which they are earnedor incurred is called the ________.Answer: matching principle9. The process of estimating the useful life of an asset is known as ________.Answer: depreciation10. A budget is a financial plan that outlines a company's expected ________ and expenses for a specific period.Answer: revenues三、简答题（每题5分，共30分）11. Explain the difference between an asset and a liability.Answer: An asset is a resource controlled by a company as a result of past events and provides future economic benefits.A liability is an obligation or debt that arises from past events, which the company has little or no discretion to avoid, and involves the transfer of assets or services toother entities in the future.12. What is the purpose of an income statement?Answer: The purpose of an income statement is to summarize a company's revenues, gains, expenses, and lossesduring a specific period, providing information on the company's profitability.13. Describe the accounting cycle.Answer: The accounting cycle is a systematic process that includes identifying, recording, and summarizing business transactions. It starts with the analysis of transactions, journalizing, posting to ledger accounts, preparing an adjusted trial balance, closing entries, and finally, preparing financial statements.14. What is the purpose of a balance sheet?Answer: The purpose of a balance sheet is to provide a snapshot of a company's financial position at a specific point in time, showing the company's assets, liabilities, and equity.15. Explain the concept of depreciation.Answer: Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It is a non-cash expense that reflects the consumption of the asset's economic benefits over time.四、计算题（每题10分，共40分）16. Calculate the depreciation expense for a machine that costs $100,000 with a useful life of 5 years and no residual value using the straight-line method.Answer: Depreciation Expense = (Cost - Residual Value) / Useful Life = ($100,000 - $0) / 5 = $20,000 per year.17. If a company has revenues of $500,000 and expenses of $300,000, what is the net income?Answer: Net Income = Revenues - Expenses = $500,000 - $300,000 = $200,000.18. A company has total assets of $1,200,000 and total liabilities of $600,000. What is the equity?Answer: Equity = Total Assets - Total Liabilities = $1,200,000 - $600,000 = $600,000.19. Calculate the return on investment (ROI) for an investment of $50,000 that returns $10,000.Answer: ROI = (Return / Investment) * 100 = ($10,000 / $50,000) * 100。

TRUE/FALSE1.The excess of revenue over the expenses incurred in earning the revenue is called capital.FANS: F DIF: 2 OBJ: 082.Drawings are an example of an expense.ANS: F DIF: 2 OBJ: 013.An adjusting entry would adjust revenue so it is reported when earned and not when cash is received.ANS: T DIF: 2 OBJ: 024.A company depreciates its equipment $350 a year. The adjusting entry for December 31 is debitDepreciation Expense, $350 and credit Equipment, $350.TANS: F DIF: 4 OBJ: 035.After Net Income or Loss is entered on the work sheet, the debit column total must equal the creditcolumn total for the Balance Sheet pair of columns.TANS: T DIF: 3 OBJ: 026.The income summary account is closed to the owner's capital account.TANS: T DIF: 1 OBJ: 047.Accounts in the ledger are usually maintained in alphabetical order.ANS: F DIF: 2 OBJ: 018.The increase side of all accounts is the normal balance.FANS: T DIF: 2 OBJ: 039.The ending merchandise inventory for 2005 is the same as the beginning merchandise inventory for2006.TANS: T DIF: 2 OBJ: 0210.In a perpetual inventory system, when merchandise is returned to the seller, Cost of Merchandise Soldis one of the accounts debited to record the transaction.YANS: T DIF: 2 OBJ: 0311.When an account receivable that has been written off is subsequently collected, the accountreceivable is reinstated.YANS: T DIF: 2 OBJ: 0412.A note receivable can be sold to a financial institution to secure cash before the maturity date. Thistype of transaction is called discounting the note receivable.YANS: T DIF: 1 OBJ: App13.All property, plant, and equipment assets are depreciated over time.FANS: F DIF: 2 OBJ: 0114.Capital expenditures are costs that are charged to Stockholders' Equity accounts.YANS: F DIF: 1 OBJ: 0315.Interest expense is reported in the operating expense section of the income statement.FANS: F DIF: 2 OBJ: 0216.Dividends in arrears are liabilities of the corporation.FANS: F DIF: 2 OBJ: 0317.A large retained earnings account means that there is cash available to pay dividends.YANS: F DIF: 2 OBJ: 0718.The amortization of a premium on bonds payable decreases bond interest expense.ANS: T DIF: 2 OBJ: 0419.The effective-interest method of amortizing a bond discount or premium is the preferred methodANS: T DIF: 2 OBJ: 0420.If two companies have the same current ratio, their ability to pay short-term debt is the same.FANS: F DIF: 2 OBJ: 02MULTIPLE CHOICE1.Which of the following is not a step in providing accounting information to stakeholders?Aa. design the accounting information systemb. prepare accounting surveysc. identify stakeholdersd. record economic dataANS: B DIF: 3 OBJ: 022.Which of the following applications of the rules of debit and credit is true?a. decrease Prepaid Insurance with a credit and the normal balance is a creditb. increase Accounts Payable with a credit and the normal balance is a debitc. increase Supplies Expense with a debit and the normal balance is a debitd. decrease Cash with a debit and the normal balance is a creditANS: C DIF: 3 OBJ: 033.A debit may signify a(n)a. decrease in asset accountsb. decrease in liability accountsc. increase in the capital accountd. decrease in the drawing accountANS: B DIF: 1 OBJ: 034.Which of the following applications of the rules of debit and credit is true?a. decrease Prepaid Insurance with a credit and the normal balance is a creditb. increase Accounts Payable with a credit and the normal balance is a debitc. increase Supplies Expense with a debit and the normal balance is a debitd. decrease Cash with a debit and the normal balance is a creditANS: C DIF: 3 OBJ: 03ing accrual accounting, expenses are recorded and reported onlya. when they are incurred, whether or not cash is paidb. when they are incurred and paid at the same timec. if they are paid before they are incurredd. if they are paid after they are incurredANS: A DIF: 3 OBJ: 016.If there is a balance in the prepaid rent account after adjusting entries are made, it represents a(n)Aa. deferralb. accrualc. revenued. liabilityANS: A DIF: 2 OBJ: 037.A net loss appears on the work sheet in thea. debit column of the Balance Sheet columnsb. credit column of the Balance Sheet columnsc. debit column of the Income Statement columnsd. credit column of the Adjustments columnsANS: A DIF: 2 OBJ: 028.On August 1, a company collects revenue in advance for the next twelve months and credits a liabilityaccount. The adjusting entry at year end on the work sheet wouldABCa. increase a liability accountb. decrease an asset accountc. decrease a revenue accountd. decrease a liability accountANS: D DIF: 3 OBJ: 029. A company, using the periodic inventory system, has merchandise inventory costing $140 on handat the beginning of the period. During the period, merchandise costing $400 is purchased. At year-end, merchandise inventory costing $180 is on hand. The cost of merchandise sold for the year isa. $720b. $550c. $360d. none of the aboveANS: C DIF: 4 OBJ: 0210.Which of the following accounts should be closed to Income Summary at the end of the fiscalyear?ACD？a. Merchandise Inventoryb. Accumulated Depreciationc. Drawingd. Cost of Merchandise SoldANS: D DIF: 1 OBJ: Ap211.The two methods of accounting for uncollectible receivables are the allowance method and the Ba. equity methodb. direct write-off methodc. interest methodd. cost methodANS: B DIF: 2 OBJ: 0312.Allowance for Doubtful Accounts has a credit balance of $1,100 at the end of the year (beforeadjustment), and an analysis of customers' accounts indicates doubtful accounts of $12,900.Which of the following entries records the proper provision for doubtful accounts?Da. debit Uncollectible Accounts Expense, $14,000; credit Allowance for Doubtful Accounts,$14,000b. debit Allowance for Doubtful Accounts, $14,000; credit Uncollectible Accounts Expense,$14,000c. debit Allowance for Doubtful Accounts, $11,800; credit Uncollectible Accounts Expense,$11,800d. debit Uncollectible Accounts Expense, $11,800; credit Allowance for Doubtful Accounts,$11,800ANS: D DIF: 3 OBJ: 0413.A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4years or 18,000 hours. What is the amount of depreciation for the second full year, using the declining-balance method at double the straight-line rate?Aa. $15,000b. $30,000c. $16,250d. $32,500ANS: C DIF: 3 OBJ: 0214.A capital expenditure results in a debit to Da. an expense accountb. a capital accountc. a liability accountd. an asset accountANS: D DIF: 1 OBJ: 0315.Pilgrim Company sells merchandise with a one year warranty. In 2008, sales consisted of 1,500 units.It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2008 and 70% in 2009. In the 2008 income statement, Pilgrim should show warranty expense of Aa. $4,500b. $10,500c. $15,000d. $0ANS: C DIF: 3 OBJ: 0316.The journal entry a company uses to record the issuance of a note for the purpose of borrowing funds forthe business is Ba. debit Accounts Payable; credit Notes Payableb. debit Cash; credit Notes Payablec. debit Notes Payable; credit Cashd. debit Cash and Interest Expense; credit Notes PayableANS: B DIF: 2 OBJ: 0217.The par value per share of common stock represents Aa. the minimum selling price of the stock established by the articles of incorporation.b. the minimum amount the stockholder will receive when the corporation is liquidatedc. an arbitrary amount established in the articles of incorporationd. the amount of dividends per share to be received each yearANS: C DIF: 1 OBJ: 03, 0418.Hurd Company acquired a building valued at $160,000 for property tax purposes in exchange for 10,000shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Hurd Company?Aa. $50,000b. $150,000c. $160,000d. $200,000ANS: B DIF: 1 OBJ: 0419.The entry to record the amortization of a premium on bonds payable isa. debit Premium on Bonds Payable, credit Interest Expenseb. debit Interest Expense, credit Premium on Bond Payablec. debit Interest Expense, debit Premium on Bonds Payable, credit Cashd. debit Bonds Payable, credit Interest ExpenseANS: C DIF: 3 OBJ: 0420. The following information is available for Duncan Co.:2006 Dividends per share of common stock $ 1.40Market price per share of common stock 17.50Which of the following statements is correct?Ca. The dividend yield is 8.0%, which is of interest to investors seeking an increase in marketprice of their stocks.b. The dividend yield is 8.0%, which is of special interest to investors seeking current returns ontheir investments.c. The dividend yield is 12.5%, which is of interest to bondholders.d. The dividend yield is 8.0 times the market price, which is important in solvency analysis.ANS: B DIF: 3 OBJ: 03Problems8.The balances in the ledger of Landscape Services as of December 31, 2005 before adjustments, are asfollows:Cash $ 4,500 Capital Stock $20,000 Supplies 4,150 Retained Earnings 13,050 Prepaid Insurance 8,700 Dividends 2,900 Equipment 42,000 Service Revenue 52,500 Accumulated Salary Expense 28,500 Depreciation 10,200 Rent Expense 5,000Adjustment data are as follows: supplies on hand, December 31, $1,000; insurance expired for December, $900; depreciation on equipment for December, $1,500; salaries accrued, December 31, $1,000.(a) Prepare a ten-column worksheet for Landscape Services for December, 2005.(b) On the basis of the worksheet in (a), present the following in good order: (1) incomestatement, (2) retained earnings statement (no additional investments were made duringthe month), and (3) balance sheet.(c) On the basis of the worksheet in (a), journalize the closing entries as of December 31,2005.ANS:(a)Landscape ServicesWorksheetFor the Month Ended December 31, 2005 ) ) ) )Trial Balance Adjustments ) Account Title Dr. Cr. Dr. Cr. )Cash 4,500 ..... ..... ..... ) Supplies 4,150 ..... ..... (a) 3,150 ) Prepaid Insurance 8,700 ..... ..... (b) 900 ) Equipment 42,000 ..... ..... ..... ) Accumulated Depreciation ..... 10,200 ..... (c) 1,500 ) Capital Stock ..... 20,000 ..... ..... ) Retained Earnings ..... 13,050 ..... ..... ) Dividends 2,900 ..... ..... ..... ) Service Revenue ..... 52,500 ..... ..... ) Salary Expense 28,500 ..... (d) 1,000 ..... ) Rent Expense 5,000 ..... ..... ..... )95,750 95,750 )) Supplies Expense ..... ..... (a) 3,150 ..... ) Insurance Expense ..... ..... (b) 900 ..... ) Depreciation Expense ..... ..... (c) 1,500 ..... )Salaries Payable ..... ..... ..... d) 1,000 ) Net Income 6,550 6,550 )) (( Adjusted(Trial Balance Income Statement Balance Sheet( Dr. Cr. Dr. Cr. Dr. Cr. (( 4,500 ..... ..... ..... 4,500 ..... ( 1,000 ..... ..... ..... 1,000 ..... ( 7,800 ..... ..... ..... 7,800 ..... (42,000 ..... ..... ..... 42,000 ..... ( ..... 11,700 ..... ..... ..... 11,700 ( ..... 20,000 ..... ..... ..... 20,000 ( ..... 13,050 ..... ..... ..... 13,050 ( 2,900 ..... ..... ..... 2,900 ..... (...... 52,500 ..... 52,500 ..... ..... ( 29,500 ..... 29,500 ..... ..... ..... ( 5,000 ..... 5,000 ..... ..... ..... ( 3,150 ..... 3,150 ..... ..... ..... ( 900 ..... 900 ..... ..... ..... ( 1,500 ..... 1,500 ..... ..... ..... ( ..... 1,000 ..... ..... ..... 1,000 (98,250 98,250 40,050 52,500 58,200 45,750 (====== ====== 12,450 ...... ...... 12,450 ( 52,500 52,500 58,200 58,200 ( ====== ====== ====== ======(b) (1)Landscape ServicesIncome StatementFor the Month Ended December 31, 2005Service revenue $52,500 Operating expenses:Salary expense $29,500Rent expense 5,000Supplies expense 3,150 Depreciation expense 1,500Insurance expense 900Total operating expenses 40,050 Net income $12,450(2)Landscape ServicesRetained Earnings StatementFor the Month Ended December 31, 2005Retained Earnings, December 1, 2005 $13,050 Net income for the month $12,450Less dividends2,900Increase in owner's equity 9,550 Retained Earnings, December 31, 2005 $22,600(3)Landscape ServicesBalance SheetDecember 31, 2005Assets LiabilitiesCurrent assets:Cash $ 4,500 Current liabilities:Supplies 1,000 Salaries payable $ 1,000 Prepaid insurance 7,800Total currentassets $13,300 Stockholders' EquityCapital Stock 20,000 Property, plant, andRetained Earnings 13,050 equipment:Equipment... $42,000 Total stockholders' Equity 33,050 Less accumulated$43,600 depreciation 11,700 Total Liabilities andStockholders'Total property, Equityplant, andequipment 30,300Total assets $43,600(c)Closing EntriesJan. 31 Service Revenue 52,500Income Summary 52,50031 Income Summary 40,050Salary Expense 29,500Rent Expense 5,000Supplies Expense 3,150Insurance Expense 900Depreciation Expense 1,50031 Income Summary 12,450Retained Earnings 12,45031 Retained Earnings 2,900Dividends 2,900。

Guangxi University of Finance & EconomicsBachelor Degree ProgrammeEXAMINATION PAPER: ACADEMIC SESSION 2010/2011Level 2TITLE OF PAPER: Accounting For EnglishDate and Time: Autumn 2010This is a TWO AND HALF HOUR OPEN BOOK examinationANSWER Five QUESTIONS AS FOLLOWS:SECTION A: This part of question is compulsory Q1 Q2 Q3 = 50 marks SECTION B: Answer TWO out of THREE questionsQ4, Q5, Q6 (Each question = 25marks) Two questions = 50 marksTotal= 100 marks……装…………………订……………………线………………………装……………………订………………………线…………………………SECTION A (ANSWER All COMPULSORY QUESTION) QESTION 1(15 Marks) (30-40 min.)January2 Simmons received $39,000 cash and issued common stock to the stockholders.3 Purchased supplies, $200, and equipment, $3,100, on account.4 Performed service for a customer and received cash, $1,600.7 Paid cash to acquire land, $27,000.11 Performed service for a customer and billed the customer, $900. We expect to collect within one month.16 Paid for the equipment purchased January 3 on account.17 Paid the telephone bill, $170.18 Received partial payment from customer on account, $450.22 Paid the water and electricity bills, $190.29 Received $1,400 cash for servicing the heating unit of a customer. 31 Paid employee salary, $2,400.31 Declared and paid dividends of $3,000.Requirements:1. Record each transaction in the journal. Key each transaction by date.2. Post the transactions to the T-accounts, using transaction dates as posting references. Label ending balance of each account Balance. QUESTION 2 (15Marks) (10-20min.)Journalize the adjusting entry needed on December 31; the end of the current accounting period, for each of the following independent cases affecting Irons Corp.a.Irons prepay insurance on March 31 each year. At December 31, $900 is still prepaid.b.Iron pays employees each Friday. The amount of the weekly payroll is $5,800 for a five-day work week. The current accounting period ends on Wednesday.c. Irons have a note receivable. During the current year, has earned accrued interest revenue of $700 that it will collect next year."d. The beginning balance of supplies was $2,700. During the year, Irons purchased supplies costing $6,100, and at December 31 supplies on hand total $2,200.e. Irons is providing services for Orca Investments, and the owner of Orca paid Irons $12,100 as the annual service fee. Irons recorded this amount as Unearned Service Revenue. Irons estimates that it has earned 60% of the total fee during the current year.f. Depreciation for the current year includes Office Furniture, $3,500, and Equipment,$5,400. Make a compound entry."QUESTION 3 (20Marks) (20-30 min.)The adjusted trial balance of Sneed Corporation at October 31, 2010, follows:Requirement:Prepare Sneed’s 2010 income statement (statement of financial performance and Balance Sheet (statement of financial position) SECTION BQUESTION 4 (25Marks) (20-25 min.)Computing cost of goods sold and gross profit on sales—periodic system. Assume a Championship outlet store began January 2010 with 50 units of inventory that cost $19 each. The sale price of these units was $71. During January the store completed these inventory transactions:RequirementsDetermine the store’s cost of goods sold for January under the periodic inventory system. Assume the FIFO method. Compute gross profit for January.Question5 (25Marks) (30-40 min.)On January 6, 2010, K.P. Scott Co. paid $245,000 for a computer system. In addition to the basic purchase price, the company paid a setup fee of $800, $6,400 sales tax, and $27,800 for a special platform on which to place the computer. K.P. Scott management estimates that the computer will remain in service for five years and have a residual value of $20,000. The computer will process 45,000 documents the first year, with annual processing decreasing by 2,500 documents during each of the next fouryears (that is, 42,500 documents in 2011; 40,000 documents in 2012; and so on). In trying to decide which depreciation method to use, the company president has requested a depreciation schedule for each of the three depreciation methods (straight-line, units-of-production, and double declining-balance).Requirements1. For each of the generally accepted depreciation methods, prepare a depreciation schedule showing asset cost, depreciation expense, accumulated depreciation, and asset book value.2. K.P. Scott reports to stockholders and creditors in the financial statements using the depreciation method that maximizes reported income in the early years of asset use. For income tax purposes, the company uses the depreciation method that minimizes income tax payments in those early years. Consider the first year K.P. Scott Co. uses the computer. Identify the depreciation methods that meet Scott’s objectives, assuming the income tax authorities permit the use of any of the methods.3. Cash provided by operations before income tax is $155,000 for the computer’s first year. The income tax rate is 35%. For the two depreciation methods identified in Requirement 2, compare the net income and cash provided by operations (cash flow). Show which method gives the net-income advantage and which method gives the cash-flow advantage.QUESTION 6。

会计英语实训考试题及答案一、选择题（每题2分，共20分）1. What is the basic accounting equation?A. Assets = Liabilities + EquityB. Revenue – Expenses = Net IncomeC. Assets = Liabilities – EquityD. Liabilities = Assets – Equity答案：A2. Which of the following is not an accounting principle?A. ConsistencyB. MaterialityC. TimelinessD. Flexibility答案：D3. What is the purpose of adjusting entries?A. To correct past errorsB. To update the financial records for the current periodC. To prepare for the next accounting periodD. To estimate future revenues答案：B4. What is the term for the process of recording transactions in the general journal?A. JournalizingB. PostingC. ClosingD. Adjusting答案：A5. Which of the following is a type of liability?A. Common stockB. Retained earningsC. Accounts payableD. Dividends payable答案：C6. What is the accounting term for the cost of goods sold?A. COGSB. CGSC. COSD. SGA答案：A7. What is the purpose of a trial balance?A. To summarize the financial statementsB. To prove the accuracy of the accounting recordsC. To calculate the net incomeD. To determine the value of assets答案：B8. What is the accounting term for the amount of money a company owes to its suppliers?A. Accounts receivableB. Accounts payableC. Notes payableD. Accrued liabilities答案：B9. What is the term for the process of transferring journal entries to the ledger accounts?A. JournalizingB. PostingC. ClosingD. Adjusting答案：B10. Which of the following is not a financial statement?A. Balance sheetB. Income statementC. Cash flow statementD. Budget答案：D二、简答题（每题10分，共30分）1. Explain the difference between revenue and income.答案：Revenue refers to the inflow of cash or other assets from normal business operations. Income, on the other hand,is the net result of revenues and gains minus the expensesand losses. It is a measure of profitability over a period of time.2. What are the steps involved in the accounting cycle?答案：The accounting cycle involves the following steps: 1) Identifying and recording transactions, 2) Journalizing, 3) Posting to the ledger accounts, 4) Preparing a trial balance, 5) Adjusting entries, 6) Posting adjustments, 7) Preparing an adjusted trial balance, 8) Closing entries, and 9) Preparing financial statements.3. What is the purpose of depreciation in accounting?答案：Depreciation is the systematic allocation of thecost of a tangible asset over its useful life. It is used to match the expense of using the asset with the revenue it generates over time, in accordance with the matchingprinciple.三、案例分析题（每题25分，共50分）1. Assume you are the accountant for a company that has just purchased a piece of equipment for $50,000. The equipment is expected to have a useful life of 5 years and no residual value. Calculate the annual depreciation expense using the straight-line method.答案：The annual depreciation expense using the straight-line method is calculated as follows:Cost of the equipment = $50,000Useful life = 5 yearsAnnual depreciation expense = (Cost of the equipment –Residual value) / Useful lifeAnnual depreciation expense = ($50,000 – $0) / 5 = $10,0002. A company has the following transactions for the month of January:- Purchased inventory on credit for $20,000.- Sold inventory on credit for $30,000.- Paid cash for office supplies of $1,000.- Received cash from customers for $25,000.- Paid cash for salaries of $15,000.Prepare the journal entries for these transactions.答案：a) Purchase of inventory on credit:Dr. Inventory $20,000Cr. Accounts Payable $20,000b) Sale of inventory on credit:Dr. Accounts Receivable $30,000Cr. Sales Revenue $30,000c) Payment for office supplies。

2023年会计硕士《英语一》考试全真模拟易错、难点精编⑴（答案参考）（图片大小可自由调整）一.全考点综合测验(共50题)1.【单选题】Please be serious. I am not _______. You should consider it carefullyA.sortingB.jokingC.countingparing正确答案：B2.【单选题】All the memories of his childhood had _______ from his mind by the time he was 65.A.fadedB.illustratedC.concerned正确答案：A3.【单选题】Without a proper education, people could _______ all kinds of crimes.A.conductB.stoopmitD.sweat正确答案：C4.【单选题】Although the trffic is not busy, he likes to drive at a_______ speed.A.spareB.fastC.moderateD.moral正确答案：C5.【单选题】When you fill in the application form, please use your_______ address so that we can contact you easily later.A.policyB.plainC.permanentD.principal正确答案：C6.【单选题】The _______ is nearly dead , so I can not start the car again.A. beanB.beamC.bakeD.battery正确答案：D7.【单选题】Students with _______ problems may apply for student loans.A. economicB.financialC.maleD.economical正确答案：B8.【单选题】In the United States, the foreign policy is decided by the ________ government, not by each state.A.federalB.figureC.scientificD.service正确答案：A9.【单选题】The doctors _______ the medicines to the people in the flood area.A.distributedB.packedC.prayedD.undertook正确答案：A10.【单选题】We won ’t allow any foreign country to _______ in our internal affairs.A.devoteB.districtC.interfereD.wander正确答案：C11.【单选题】Some lazy men would rather _______ than work.A. indicateB.declareC.solveD.starve正确答案：D12.【单选题】This river is so big that it is impossible to build a _______under it without moderntechnology.A.canalB.tunnelC.channelD.cable正确答案：B13.【单选题】Sometimes it is very difficult to _______ some of the English words. Even the native speaker can not help.A.decreaseB.createC.defineD.delight正确答案：C14.【单选题】He always has a lot of _______ ideas in his mind , and sometimes we do not even know what he is thinding about.A.novelB.novelC.acceptableD.additional正确答案：A15.【单选题】The college students in China are _______ from smoking on campus because this will do them no good.A.discouragedB.observedC.obeyedD.obtained正确答案：A16.【单选题】We are _______ at the rapid progress Mark has made in this semester.A.distinguishedB.annoyedC.astonishedD.scored正确答案：C17.【单选题】With the help of the government , a large number of people ---_______ after the flood in 1991.A.survivedB.suspendedC..sufferedD.subfected正确答案：A18.【单选题】John _______ to be a polite man. But in fact he is veryrude.A. pretendsB.assuresC.affordsD.melts正确答案：A19.【单选题】This boy was _______ for what he had done in the class.A.scoldedB.overcomeC.inclinedD.displayed正确答案：A20.【单选题】We do not have a _______ school in our institute. The highest degree we provide for the students is a B. A. and a B.S. .A.continueB.bayC.assistanceD.graduate正确答案：D21.【单选题】The _______ work continued for more than a week but there was still no sign of the missing boy.A.researchB.rescueC.vesselD.vast正确答案：B22.【单选题】When making modern cameras , people began to_______ plastics for metal.A.surroundB.substanceC.stretchD.substitute正确答案：D23.【单选题】Pine trees are usually believed to _______ cold weather.A.guardB.accomplishC.roarD.endure正确答案：D24.【单选题】He works in our university as a visiting _______, not as a formal faculty member.A.traditionalB.scholarC.nurseD.pilot正确答案：B25.【单选题】When traveling alone in the mountains, you ’d better take a _______ with you in case you get lost.passpressplseD.campus正确答案：A26.【单选题】Many kinds of animals are believed to have _________from the earthA.withdrawnB.vanishedC.foundD.hung正确答案：B27.【单选题】We can not _______ all the magazines together.A.routeB.drawC.threadD.bind正确答案：D28.【单选题】With the _______of Mary, all the girl students are eager to go to the party.A.exhibitionB.exceptionC.exceptD.reception正确答案：B29.【单选题】We can not trust him any more because he often________ his duty.A.owesB.spoilsC.desertsD.neglects正确答案：D30.【单选题】Some states in the United States _______ people tocarry guns.A.applyB.charmC.ignoreD.forbid正确答案：D31.【单选题】I have not heard anything from him since his _______.A.departureB.faultC.foundationD.acciptance正确答案：A32.【单选题】What he said in the meeting _______ everybody present.A.disgustedB.dismissedC.disposedD.eliminated正确答案：A33.【单选题】After working for twenty hours without any rest, the doctors were _______.A.exhaustedB.mountedC.wrappedD.restored正确答案：A34.【单选题】It is not ---_______ for me to return all the books to the library now because I still need some of them for my research.A. continuousB.difficultC.convenientD.sufficient正确答案：C35.【单选题】The engineers in this lab spent several weeks _______their plans for the new bicycle.A.countingB.strippingC.elaboratingD.casting正确答案：C36.【单选题】This river forms a natural _______ between China and Korea.A.boundaryB.stringC.spotD.zone正确答案：A37.【单选题】Carelessness made him fall in his job _______.A.interviewB.intentionC.stomachD.stocking正确答案：A38.【单选题】When a spacecraft travels, one of the major problems is reentry into the Earth ’s _______.A.surfaceB.atmosphereC.attitudeD.bent正确答案：B39.【单选题】As a teacher, you should not _______ the students from asking questions in class.A. ruinB.restrainC.importD.impose正确答案：B40.【单选题】He tried to _____ __relations with his former wife but he failed.A.measureB.maintainC.shelterD.reply正确答案：B41.【单选题】Much of the news provided by this newspaper is_______, not foreign.A.domesticB.strainC.purchaseD.murder正确答案：A42.【单选题】Both sugar and salt can ______in water.A.desertB.absorbC.dissolveD.involve正确答案：C43.【单选题】She is already 16years old. But she _______as if she were still a little girl.A.believesB.absorbsC.accrsesD.behaves正确答案：D44.【单选题】This morning in the class, our teacher lost his ______at last because he could not stand any more.A. temperB.terrorC.verseD.contain正确答案：A45.【单选题】If you have any problems during your study here,please do not _______ to call me for helpA.hesitateB.despairC.urgeD.request正确答案：A46.【单选题】Free medical service is _______ to nearly all the college students in China.A.favoriteB.availableC.convenientD.average正确答案：B47.【单选题】Several loudspeakers are _______ from the ceiling and we can hear the speaker very clearly.A. connectedB.sustainedC.associatedD.suspended正确答案：D48.【单选题】Professor Smith is also the _______ of the international program office. If you have anyproblem when you study here,you may go to him for help.A.detectiveB.presidentC.managerD.director正确答案：D49.【单选题】He _______ to study harder in the future so that he could have more opportunities to find a better job.A.resolvedB.resortedC.requestedD.reserved正确答案：A50.【单选题】In order to increase our output, we need to import more production _______.A.facilitiesB.hensC.votesD.artists正确答案：A。

《会计专业英语》模拟题（补）1．Complete the translation between Chinese and English:（1）salvage value（2）depreciation（3）ratio analysis（4）所有者权益（5）fiscal year（6）uncollectible accounts（7）double entry system（8）petty cash（9）流动资产（10）gross profit（11）first in first out（12）资产负债表（13）common-size analysis（14）corporations（15）经济业务（16）short-term debt-paying ability2．Label the following accounts as asset (A), liability (L), owner’s equity (OE), revenues (R) or expense (E)（1）Office Supplies（2）Professional Fees（3）Prepaid Insurance（4）Salary expense（5）Accounts Payable（6）Service Income（7）R. L. Osborn, Capital（8）Rent Expense（9）Accounts Receivable（10）Notes payable3. Answer the question related to the topic of the conversationW h y I s n’t T h e A c c o u n t i n g A M i r r o r o f W h a t H a p p e n e d?J o h n:L e a n n e,c a n y o u e x p l a i n w h a t’s g o i n g o n h e r e w i t h t h e s e m o n t h l y s t a t e m e n t s?L e a n n e:S u r e,J o h n.H o w c a n I h e l p y o u?J o h n:I d o n’t u n d e r s t a n d t h i s l a s t–i n,f i r s t–o u t i n v e n t o r y p r o c e d u r e.I t j u s t d o e s n’t m a k e s e n s e.L e a n n e:W e l l,w h a t i t m e a n s i s t h a t w e a s s u m e t h a t t h e l a s t g o o d s w e r e c e i v e a r e t h e f i r s t o n e s s o l d.S o t h e i n v e n t o r y i s m a d e u p o f t h e i t e m s w e p u r c h a s e d f i r s t.John: Yes, but that’s my problem. It doesn’t work that way! We always distr ibute the oldest produce first. Some o f that produce is perishable! We can’t keep any of it very long orit’ll spoil.L e a n n e:J o h n,y o u d o n’t u n d e r s t a n d.W e o n l y a s s u m e t h a t t h e p r o d u c t s w e d i s t r i b u t e a r e t h e l a s t o n e s r e c e i v e d.W e d o n’t a c t u a l l y h a v e t o d i s t r i b u t e t h e g o o d s i n t h i s w a y.J o h n:I a l w a y s t h o u g h t t h a t a c c o u n t i n g w a s s u p p o s e d t o s h o w w h a t r e a l l y h a p p e n e d.I t a l l s o u n d s l i k e“m a k e b e l i e v e”t o m e!W h y n o t r e p o r t w h a t r e a l l y h a p p e n s?Q u e s t i o n:H o w w o u l d y o u r e s p o n d t o J o h n i f y o u w e r e L e a n n e?4. Casey Electronics’ ending inventory co nsists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostB e g i n n i n g i n v e n t o r y34$270$9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand?5. You are given the following balance sheet and income statement for 2002 and 2003:Table A Balance Sheet for 2002 and 2003(all values in thousands of dollars)2002 2003 _______________________________________________________________ AssetsCash 200 300Marketable securities 300 200Receivables. 800 1,000Inventory 1,200 1,000Fixed assets 3,300 3,700Total assets. 5,800 6,200Liabilities and common equityAccounts payable 300 200Notes payable 200 300Other current liabilities 1,000 800Long-term debt 1,000 1,200Common equity . 3,300 3,700Total liabilities and common equity 5,800 6,200Table B Income Statement for 2003__________________________________________________Sales $1,000,000Operating and other costs - 700,000EBIT . 300,000Interest . - 100,000Profits before taxes 200,000Tax at 40% rate - 80,000Profits after taxes 120,000____________________________________________________Calculate the following ratios for 2002:(1)the current ratio(2)the debt to equity ratio(3)the quick ratio6．Translate the followings into ChineseThere are several specialized fields of accounting in practice. The two most common are financial accounting and management accounting. Other fields include cost accounting, environmental accounting, tax accounting, international accounting, not-for-profit accounting, and social accounting.7．Choose the best answer from A, B, C, D to complete the sentence or to answer the question:（1）Which of these is (are) an example of an asset account? ____.A. Service RevenueB. WithdrawalsC. SuppliesD. All of the above（2）Which of the following is not affected by the inventory valuation method used by a business?_____.A. Amounts owed for income taxesB. Cost of merchandise soldC. Amounts paid to acquire merchandiseD. Net income of the business（3）Aftin Co. performs services on account, when Aftin collects the account receivable____.A. assets increaseB. assets do not changeC. owner’s equity decreasesD. liabilities decrease8．Casey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses FIFO method, how should it calculate the cost of the 182 CD players on hand?9．On July 1, Cruz opened Cruz Auto Detail company .During July, the following transactions were completed:（1）Cruz invests $70,000 cash in her new business.（2）Buys equipment costing $43,000, paying cash.（3）Buys equipment costing $7,000 on credit from Williams Auto Supply.（4）Pays $2,000 to Williams Auto Supply, to be applied against the firm's liability of $7,000. （5）Buys buffer pads, cleaners, and waxes on account from Rossi and Company, $800.（6）Cash revenue received, $3,520.（7）Pays rent for the month, $900.（8）Pays for a one-year vehicle insurance policy, $360.（9）Receives bill for newspaper advertising from Valley News, $400.（10）Cruz Auto Detail signed a contract with Costello Taxi to perform detailing work and then bills Costello Taxi $1,050 for services performed.（11）Pays $2,000 to Williams Auto Supply as part payment on account.（12）Receives and pays bill for utilities from Midwest Power, Inc., $160.（13）Pays Valley News for advertising, $400 in full. (This bill has been previously recorded.) （14）Pays wages of part-time employees, $1,400.（15）Buys additional equipment costing $1,500 from Williams Auto Supply, paying $600 down with the remaining $900 on account.（16）Receives $850 from Costello Taxi to apply on account previously billed.（17）Cash revenue received, $2,700.（18）Cruz withdraws cash for personal use, $3,000.Instructions（1）Record the transactions with “Dr.”and “Cr.”.（2）At the end of June Company needs make adjustment as follows:a. To record the cost of supplies used during July, $540.b. To record the insurance expired during July, $30.c. To record the depreciation for the month of July, $520.d. To record accrued waged owed at the end of July, $290.Prepare Adjusted Trail Balance on July 31.Cruz Auto DetailAdjusted Trail Balance10. On July 1, N. B. Edgar opened Coin-Op Laundry. Edgar’s accountant listed the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, DrawingLaundry Revenue Wages ExpenseRent Expense Utilities Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a.Edgar deposited $20,000 in a bank account in the name of the business.b.Bought tables and chairs for cash, $450c.Paid the rent for the current month, $705d.Bought washers and dryers from Eldon Equipment, $17,400, paying $4,000 in cash andplacing the balance on account.e.Bought laundry supplies on account from Borkal Distributors, $410.f.Sold services for cash, $862.g.Bought insurance for one year, $468.h.Paid on account to Eldon Equipment, a creditor, $550.i.Received and paid the electric bill, $118.j.Paid on account to Borkal Distributors, a creditor, $145.k.Sold services to customers for cash for the second half of the month, $881.l.Received and paid the bill for the business license, $45.m.Paid wages to an employee, $1,146.n.Edgar withdrew cash for personal use, $875.InstructionsRecord the transactions in the T accounts.Prepare an income statement as for July 31.1．Complete the translation between Chinese and English:（1）残值（2）折旧（3）比率分析法（4）owner’s equity（5）会计年度（6）坏账（7）复式记账（8）备用金（9）current assets（10）毛利（11）先进先出法（12）balance sheet（13）结构分析法（14）集团公司（15）transaction（16）短期偿债能力2．Label the following accounts as asset (A), liabilit y (L), owner’s equity (OE), revenues (R)3. Answer the question related to the topic of the conversationAnswer in English the question related to the topic of the conversationIn inventory accounting, we need compute the amounts of cost for good sold and ending inventory. However, the inventory of some firms is sufficiently similar that the firm can’t feasibly use specific identification costs. So it must make some assumption to compute the cost of units sold and units remained in inventory, which is called cost flow assumptions, and one of them is LIFO. LIFO usually doesn’t reflect physical floes, but firms use it since in a period of rising acquisition costs. LIFO’s higher (than FIFO) cost-of-goods-sold figure reduces reported income and income taxes.4. Casey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:34 Units(beginning inventory) @ $270 each = $9180. 60 Units(first purchase) @$282 each = 16920. 88 Units(second purchase) @$298 each = 26224182 Units $523245. You are given the following balance sheet and income statement for 2002 and 2003(1) current ratio = current assets / current liabilities= 2,500 / 1,500 = 1.67(2) debt to equity ratio = total liabilities / total stockholders equity= 2,500/3,300 = 75.76%(3) quick ratio = (current assets – inventories) / current liabilities= 1,300 / 1,500 = 0.866. Translate the followings into Chinese在实务中，会计有不同的分类。

会计专业学位外语考试模拟试题（1）.12一、语音题。

(每空1分，共5分)1、A. holiday B. some C. come D. cover2、A. thousand B. surround C. cloudy D. should3、A. great B. fate C. palace D. grade4、A. move B. notice C. motor D. whole5、A. choose B. flood C. spoon D. food二、辩错题。

(每题1分，共5分)6、There was no bus. I have to walk home.A. noB. haveC. to walkD. home7、She has read the article last week.A. has readB. theC. articleD. last8、We set up a lot of universities since 1949. We have also set up a Central Radio and Television University.A. set upB. sinceC. alsoD. a9、By now Old Wang worked in that factory for twenty years.A. workedB. inC. thatD. for10、Now that they have successfully passed the TOEFL, the students were ready to begin their classes at the university.A. Now thatB. successfullyC. wereD. to begin9、Hangzhou is the most beautiful city I saw.A. theB. mostC. cityD. saw三、单项选择题。